What is the IRR of the following set of cash flows? Year Cash Flow -$9,625 4,000 4,100 3. 6,200 Multiple Cholce 19.84% 20.46% 21.3% 21.92% 20.88%

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 10MCQ
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What is the IRR of the following set of cash flows?
TT
Year
Cash Flow
-$9,625
4,000
2
4,100
3
6,200
Multiple Cholce
19.84%
20.46%
21.3%
21.92%
20.88%
Transcribed Image Text:What is the IRR of the following set of cash flows? TT Year Cash Flow -$9,625 4,000 2 4,100 3 6,200 Multiple Cholce 19.84% 20.46% 21.3% 21.92% 20.88%
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