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  1. business
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  3. 2. consider the following cash flow with three pay

2. Consider the following cash flow with three payments: Co = 100, C1 = -208,...

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2. Consider the following cash flow with three payments: Co = 100, C1 = -208, C2 = 108.15. Time is measured in years. (a) Use the calculator to find the IRR of this cash flow. (b) Write down the cash flow's equation of value, and then find the IRR by solving for i algebraically. Comment on what you got as compared to the calculator's answer from part (a)

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