An entrepreneur would like to buy a piece of equipment for his business.The equipment cost $50,000 and will increase cash flow by $20,000 each year for 5 years.What is his IRR?
A)25.55%
B)40.00%
C)2)50%
D)28.65%

Question

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The Answer of An entrepreneur would like to buy a piece of equipment for his business.The equipment cost $50,000 and will increase cash flow by $20,000 each year for 5 years.What is his IRR?
A)25.55%
B)40.00%
C)2)50%
D)28.65%

An Entrepreneur Would Like to Buy a Piece of Equipment