Find the IRR of an investment having initial cash outflow of $213,000. The cash inflows during the first, second, third and fourth years are expected to be $65,200, $96,000, $73,100 and $55,400 respectively. Assume that r is 10%.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Chapter17: Long-term Investment Analysis
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Find the IRR of an investment having initial cash outflow of $213,000. The cash inflows during the first,
second, third and fourth years are expected to be $65,200, $96,000, $73,100 and $55,400 respectively.
Assume that r is 10%.
Transcribed Image Text:Find the IRR of an investment having initial cash outflow of $213,000. The cash inflows during the first, second, third and fourth years are expected to be $65,200, $96,000, $73,100 and $55,400 respectively. Assume that r is 10%.
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