Consider the following cash flows: Year Cash Flow O 123 $19,400 10,400 9,320 6,900 What is the IRR of the above set of cash flows? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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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Consider the following cash flows:
Year Cash Flow
0123
$19,400
10,400
9,320
6,900
What is the IRR of the above set of cash flows? (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
96
Transcribed Image Text:Consider the following cash flows: Year Cash Flow 0123 $19,400 10,400 9,320 6,900 What is the IRR of the above set of cash flows? (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 96
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