An car company has presented an investment opportunity as follows: Year Cash Flow Year 0 -440,000 Year 1 20,000 Year 2 40,000 Year 3 60,000 Year 4 80,000 Year 5 100,000 Year 6 120,000 Year 7 140,000 Year 8 160,000 Determine the IRR for the investment proposal. Show complete solution pls. No excel computation
An car company has presented an investment opportunity as follows: Year Cash Flow Year 0 -440,000 Year 1 20,000 Year 2 40,000 Year 3 60,000 Year 4 80,000 Year 5 100,000 Year 6 120,000 Year 7 140,000 Year 8 160,000 Determine the IRR for the investment proposal. Show complete solution pls. No excel computation
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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Question
An car company has presented an investment opportunity as follows:
Year Cash Flow
Year 0 -440,000
Year 1 20,000
Year 2 40,000
Year 3 60,000
Year 4 80,000
Year 5 100,000
Year 6 120,000
Year 7 140,000
Year 8 160,000
Determine the IRR for the investment proposal.
Show complete solution pls. No excel computation
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