2. For the following cash flows, compute the internal rate of return. Year 0 -$30,000, Year 1, 5,000, Year 2, 3,000, Year 3, 5,000, Year 4 3,000, continuing forever.
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Step 1: Write down the cash flows in a table format: Year 0: -$30,000 Year 1: $5,000 Year 2: $3,000 Year 3: $5,000 Year 4: $3,000 Continuing forever: $3,000 Show more…
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