A three-year investment requires an initial outlay of ￡1,000. It is expected to provide three year-end cash flows of ￡200 plus a net salvage value of ￡700 at the end of three years. Its internal rate of return (IRR) is closest to:
A three-year investment requires an initial outlay of ￡1,000. It is expected to provide three year-end cash flows of ￡200 plus a net salvage value of ￡700 at the end of three years. Its internal rate of return (IRR) is closest to:
