Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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An engineer prepares a report to evaluate a project using PW and IRR. Just before submitting the report, he spills
coffee on it, making the first digit of the 2-digit IRR unreadable. The second digit is a 2. The PW is negative and
MARR is 15 percent. He doesn’t have time to redo the analysis. Can you help him figure out the IRR?
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