Quiz Ch 08 – Determining the Number of IRRs for a Project
Fundamentals of Corporate Finance
Brealey, Myers, and Marcus
10th Edition
For a project with a $20,000 cost, annual cash inflows of $9,000 for the first 3 years, and annual cash outflows of $1,000 for 2 years, what is the maximum number of different internal rates of return (IRRs) this project can have?