JoyFM Inc. has an investment opportunity, which generates cash flows shown below. The investment opportunity gives an IRR of Year Cash Flow 0 - $14,500 1 7,400 2 8,700 3 2,500 4 2,100 21.63% 22.49% 23.07% 20.76% 24.22%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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JoyFM Inc. has an investment opportunity, which generates cash flows shown below.
The investment opportunity gives an IRR of
Year Cash Flow
0
- $14,500
1
2
3
4
7,400
8,700
2,500
2,100
21.63%
22.49%
23.07%
20.76%
24.22%
Transcribed Image Text:JoyFM Inc. has an investment opportunity, which generates cash flows shown below. The investment opportunity gives an IRR of Year Cash Flow 0 - $14,500 1 2 3 4 7,400 8,700 2,500 2,100 21.63% 22.49% 23.07% 20.76% 24.22%
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