Problem:
Compute the IRR statistic for Project X and note whether the firm should accept orreject the project with the cash flows shown below if the appropriate cost of capital is 10 percent.
|
Time
|
0
|
1
|
2
|
3
|
4
|
5
|
|
Cash Flow
|
-75
|
-75
|
0
|
100
|
75
|
90
|
Note: Please show the work not just the answer.