Required information For the net cash flows shown, find the external rate of return with a reinvestment rate of 15% per year. Year Net Cash Flow, $ 48,000 18,253 -87,300 45,634 -47,459 1 3. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Use the manual ROIC method. The ERR is %.

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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For the net cash flows shown, find the external rate of return with a reinvestment rate of 15% per year.

The ERR is  %

Required information
For the net cash flows shown, find the external rate of return with a reinvestment rate of 15% per year.
Year
Net Cash Flow, $
48,000
18,253
1
-87,300
45,634
-47,459
4
NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part.
Use the manual ROIC method.
The ERR is
|%.
Transcribed Image Text:Required information For the net cash flows shown, find the external rate of return with a reinvestment rate of 15% per year. Year Net Cash Flow, $ 48,000 18,253 1 -87,300 45,634 -47,459 4 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Use the manual ROIC method. The ERR is |%.
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