Consider the following cash flows: Cash Flow Year 0 -$ 32,000 1 14,200 2 17,500 3 11,600 What is the IRR of the cash flows? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Internal rate of return %

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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Consider the following cash flows:
Cash Flow
Year
0
-$ 32,000
1
14,200
2
17,500
3
11,600
What is the IRR of the cash flows?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Internal rate of return
%
Transcribed Image Text:Consider the following cash flows: Cash Flow Year 0 -$ 32,000 1 14,200 2 17,500 3 11,600 What is the IRR of the cash flows? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Internal rate of return %
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