Question: Modern Refurbishing Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.
|
Year
|
0
|
1
|
2
|
3
|
4
|
|
Cash flows
|
-$775
|
$350
|
$280
|
$270
|
$260
|