An initial cash outlay of $1.4 million is made for a project. In Year 1, the...

An initial cash outlay of $1.4 million is made for a project. In Year 1, the expected annual cash flow is $900,000. In Years 2–5 the expected annual cash flow is $1,000,000, and in Year 6, the expected annual cash flow is $1.3 million. A cost of capital of 15% is used. The IRR (internal rate of return) is ???

Please show work/calculation using Texas Calculator. No excel.

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jeff jeffy answered 1 year ago

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