Consider a project with the following cash flows: Year O Year 1 Year 2 -$2.3 billion $9.2 billion -$7.3 billion Hint: Use the Excel function for this problem. Which of the following statements about the IRR for this project is correct? There is/are: only one IRR which is 147.57% two IRRs equal to 19.23% and 147.57%, respectively two IRRs equal to 9.11% and 190.89%, respectively only one IRR which is 19.23% O three IRRs equal to 9.11%, 19.23% and 147.57%, respectively
Consider a project with the following cash flows: Year O Year 1 Year 2 -$2.3 billion $9.2 billion -$7.3 billion Hint: Use the Excel function for this problem. Which of the following statements about the IRR for this project is correct? There is/are: only one IRR which is 147.57% two IRRs equal to 19.23% and 147.57%, respectively two IRRs equal to 9.11% and 190.89%, respectively only one IRR which is 19.23% O three IRRs equal to 9.11%, 19.23% and 147.57%, respectively
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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is my response accurate
![Consider a project with the following cash flows:
Year O
Year 1
Year 2
-$2.3 billion
$9.2 billion
-$7.3 billion
Hint: Use the Excel function for this problem.
Which of the following statements about the IRR for this project is correct? There is/are:
only one IRR which is 147.57%
two IRRs equal to 19.23% and 147.57%, respectively
two IRRs equal to 9.11% and 190.89%, respectively
only one IRR which is 19.23%
O three IRRs equal to 9.11%, 19.23% and 147.57%, respectively](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7470378f-99ab-497d-81e7-b8662f016d73%2F66e9f6ac-5470-4c9f-897e-41a986f8e326%2F6quh8tq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider a project with the following cash flows:
Year O
Year 1
Year 2
-$2.3 billion
$9.2 billion
-$7.3 billion
Hint: Use the Excel function for this problem.
Which of the following statements about the IRR for this project is correct? There is/are:
only one IRR which is 147.57%
two IRRs equal to 19.23% and 147.57%, respectively
two IRRs equal to 9.11% and 190.89%, respectively
only one IRR which is 19.23%
O three IRRs equal to 9.11%, 19.23% and 147.57%, respectively
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