Given the following annual net cash flows, determine the IRR to the - 4204

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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.