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If you learn a foreign language, you can improve your compensation at work. Given you are...

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General Management

If you learn a foreign language, you can improve yourcompensation at work. Given you are not good at learning languages,you estimate today you would need to spend $5,000 to learn alanguage. You then believe you can earn $3,000 more per year forthe next 3 years starting a year from today before you move onto anew job. However, you will also pay back $2,000 to the companyexactly 3 years from today since some of your clients will leavewith you. Your discount rate is 6% APR.

1. what is the NPV of learning a new language?

2. What is the IRR?

3. What is the MIRR if you use the discount rate as thereinvestment rate?

Answer & Explanation Solved by verified expert
3.8 Ratings (517 Votes)
1 The NPV is calculated by adding the present value for all theyears The formula for present value isPV CFn 1IRRnHere n the period and CF is the cash flow and IRR is the rateof    See Answer
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