Given the following annual net cash flows, determine the IRR to the nearest whole - 3005

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riz115

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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.