Using the tables above,what would be the internal rate of return of an investment that required an investment of $227,460 and would generate an annual cash inflow of $60,000 for the next 5 years?

Question

Quizplus · Accepted Answer

The internal rate of return (IRR) is the discount rate that makes the net present value (NPV) of the cash flows equal to zero. Using the given investment and cash inflows, the IRR can be calculated to be approximately 10%.

Using the Tables Above,what Would Be the Internal Rate of Return