Answer Happy

A project has the following cash flows:
Year:
Cash Flow:
(a) Write an equation involving the (A│P,i,n) compound
interest factor that can be used to find the internal rate of
return (IRR).
(b) Excel function RATE has the syntax RATE(nper, pmt, pv,
[fv], [type]). Show the values of each of the arguments nper,
pmt, pv, and [fv] that would enable you to find the internal rate
of return for this series of cash flows.