19. An investment costs $290,000 and will generate the following cash flows: Year 1 - +$132,000; Year 2 - +$100,000; Year 3 - +$150,000. The required rate of return is 15%. What is the IRR?

Respuesta :

Zviko

Answer:

14.80%

Explanation:

Calculation of the IRR using a financial calculator is as follows :

($290,000)        CFj

+$132,000         Cfj

+$100,000         Cfj

+$150,000         Cfj

Shift IRR/YR 14.80%

Therefore, the IRR is 14.80%.

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