Using an external rate of 12%, find the internal rate of return (IRR) for the following cash flow. Year 0 2 3 4 Cash Flow - $25,000 $20,000 -$20,000 $11,000 $13,000

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Using an external rate of 12%, find the internal rate of return (IRR) for the following cash flow.
Year
0
1
3
4
Cash Flow
$25,000
$20,000
-$20,000
$11,000
$13,000
"I
Transcribed Image Text:Using an external rate of 12%, find the internal rate of return (IRR) for the following cash flow. Year 0 1 3 4 Cash Flow $25,000 $20,000 -$20,000 $11,000 $13,000 "I
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