What is the IRR of the following 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.) Year Cash Flow -$ 16,600 0123 IRR 7,300 8,600 7,100 %

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.12: Uneven, Or Irregular, Cash Flows
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What is the IRR of the following 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.)
Year
Cash Flow
0
$ 16,600
1
7,300
2
8,600
3
7,100
IRR
%
Transcribed Image Text:What is the IRR of the following 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.) Year Cash Flow 0 $ 16,600 1 7,300 2 8,600 3 7,100 IRR %
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