show steps with explanation An investor invested $50,000 at the beginning. He received the following cash flows fromthe investment.End of Year$12,5541?10,94524,55334If the internal rate of return (IRR) of this investment is 8.53%, what must have been theamount he received at the end of year 2?

IRR stands for internal rate of return. It is the rate at which net present value of project is 0.…

An investor invested $50,000 at the beginning. He received the following cash flows from the investment. End of Year 1 12,554 3 4 10,945 24,553 If the internal rate of return (IRR) of this investment is 8.53%, what must have been the amount he received at the end of year 2?

An investor invested $50,000 at the beginning. He received the following cash flows from the investment. End of Year 1 12,554 3 4 10,945 24,553 If the internal rate of return (IRR) of this investment is 8.53%, what must have been the amount he received at the end of year 2?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 18EB: Garnette Corp is considering the purchase of a new machine that will cost $342,000 and provide the...

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show steps with explanation

An investor invested $50,000 at the beginning. He received the following cash flows from
the investment.
End of Year
$
12,554
1
?
10,945
24,553
3
4
If the internal rate of return (IRR) of this investment is 8.53%, what must have been the
amount he received at the end of year 2?

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