question archive Find the internal rate of return (IRR) for the following series of future cash flows
Find the internal rate of return (IRR) for the following series of future cash flows
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Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $504,600.
Year 1: 197,700
Year 2: 198,200
Year 3: 161,500
Year 4: 133,700
Year 5: 154,700
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Please use Excel or financial calculator.
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IRR=21.72%
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