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Builtrite has calculated the following cash flow diagram (In 1000's): initial investment 90 year one...

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Builtrite has calculated the following cash flow diagram (In 1000's): initial investment 90 year one cash flow 80 year two cash flow 50 year three cash fow 20 if you were to approximate the internal rate of return by averaging the cash flows, instead of using the exact cash flows pictured above, which of the following statements would be correct? the actual IRR would be greater the actual IRR would be less averaging the cash flows would give us the exact IRR none of the answers provided

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