$ 10,000.

00

Date

year

42587
42588

DATE
CASH FLOW
41372.00
4/8/2013
-900
41501.00 8/15/2013
300
41654.00 1/15/2014
400
41815.00 6/25/2014
200
42188.00
7/3/2015
100

RATE

0.1

INTERNAL R
PROJECT 1
PROJECT 2
GUESS
GUES,PROJ 1
-0.9
47.5%
-0.7
47.5%
-0.5
47.5%
-0.3
47.5%
-0.1
47.5%
0.1
47.5%
0.3
47.5%
0.5
47.5%
0.7
47.5%
0.9
47.5%

-400

200

rate
0
-10000

1
24000

2
-14000

3
NPV=
NPV=

NPV

20.6282169571

0.2

$231.48
$277.78

INTERNAL RATE OF RETURN

600

-900

IRR

NPV1
1000

47.5%

250

230 $ 268.54

0.2

NPV2
$ 918.99

0.1