Given the following annual net cash flows, determine the IRR to the nearest whole p - 9404

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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. 

YearNet Cash Flow

1$1,000

2$1,500

3$  500

A.   48%

B.   32%

C.   28%

D.   40% 

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.

            Year    Net Cash Flow

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