Given the following annual net cash flows, determine the IRR - 1646

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Request Description

Given the following annual net cash flows, determine the IRR to the nearest whole percent of a project with an initial outlay of $1,520.

Year     Net Cash Flow

 1          $1,000

 2          $1,500

 3          $  500

          a.   48%

          b.   40%

          c.   32%

          d.   28%

Solution Description

Given the following annual net cash flows, determine the IRR to the nearest whole percent of a project with an initial outlay of $1,520.