Homework #6C (IRR and MIRR annually and semi-annually)
This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic 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 $744,700.
Year 1: 180,700
Year 2: 179,900
Year 3: 143,100
Year 4: 188,800
Year 5: 145,700
Round the answer to two decimal places in percentage form. (Write the percentage sign in the “units” box)
You should use Excel or financial calculator.Your Answer:
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