Homework #6C (IRR and MIRR annually and semi-annually) 2
Homework #6C (IRR and MIRR annually and semi-annually)
Finance
This set of problems is designed to be calculated using theExcel or financial calculator.Do not use financial tables to calculate these problems.Do not usealgebraic formulas to calculate these problems.
Question 3(1 point)
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $744700.
Year 1: 180700
Year 2: 179900
Year 3: 143100
Year 4: 188800
Year 5: 145700
Round the answer to two decimal places in percentage form.(Write the percentage sign in the units box)