What is the IRR of the following cashflows? Year 1: - $120 Year 2: + $20 Year 3: + $90 Year 4: - $10 Year 5: + $30 Year 6: + $30 Year 7: + $30 Year 8: + $40

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 15DQ
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  1. What is the IRR of the following cashflows?

    Year 1: - $120
    Year 2: + $20
    Year 3: + $90
    Year 4: - $10
    Year 5: + $30
    Year 6: + $30
    Year 7: + $30
    Year 8: + $40

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