Given the following cash flows, find the internal rate of return. Use an interest rate of 8% as a starting point. Provide your answer as a percentage to the nearest hundredth. Year Cash Flow -$1,000 $200 $200 3 $200 $200 $200 6. $400

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
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please solve using equation method. do not use
excel
Given the following cash flows, find the internal rate of return. Use an interest rate of
8% as a starting point. Provide your answer as a percentage to the nearest
hundredth.
Year
Cash Flow
-$1,000
$200
$200
3
$200
$200
5.
$200
6.
$400
Transcribed Image Text:please solve using equation method. do not use excel Given the following cash flows, find the internal rate of return. Use an interest rate of 8% as a starting point. Provide your answer as a percentage to the nearest hundredth. Year Cash Flow -$1,000 $200 $200 3 $200 $200 5. $200 6. $400
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