SOLUTION: 22. [Cash flows] You are invited to participate in a building project. You would be required to contribute $5 million up front, and over the next 6 years you would receive these a

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: 22. [Cash flows] You are invited to participate in a building project. You would be required to contribute $5 million up front, and over the next 6 years you would receive these a      Log On

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Question 729323: 22. [Cash flows] You are invited to participate in a building project. You would be required to contribute $5 million up front, and over the next 6 years you would receive these amounts: $750,000, $900,000, $1,100,000, $1,200,000, $700,000, and $500,000. What return (IRR) would you be getting on your money?
Answer by lynnlo(4176) About Me  (Show Source):