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QUESTION
Calculate the IRR of a project that has payback of 3.75 years. The project's annual cash inflows are $4 million in year 1, $4 million in year 2, $3...
Calculate the IRR of a project that has payback of 3.75 years. The project's annual cash inflows are $4 million in year 1, $4 million in year 2, $3 million in year 3, and $2 million in year 4.
a) 4.0%
b) 2.5 %
c) 1.8 %
d) 1.0 %
e) 4.1 %
