Consider the following cash flows: Year Cash Flow 0 1 2 3 33,000 13,900 17,800 11,300 Required: What is the IRR of the above set of cash flows? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Internal rate of return %
Consider the following cash flows: Year Cash Flow 0 1 2 3 33,000 13,900 17,800 11,300 Required: What is the IRR of the above set of cash flows? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Internal rate of return %
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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Transcribed Image Text:Consider the following cash flows:
Year Cash Flow
0
1
2
3
$33,000
13,900
17,800
11,300
Required:
What is the IRR of the above set of cash flows? (Do not round intermediate calculations.
Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Internal rate of return
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