Homework #6C (IRR and MIRR annually and semi-annually)
February 19th, 2023
Homework #6C (IRR and MIRR annually and semi-annually)FinanceThis 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: 180,700Year 2: 179,900Year 3: 143,100Year 4: 188,800Year 5: 145,700Round 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: