This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Use Excel's IRR function to answer the question.Billy Bob wants to convert his farm into a ski ... (Read 555 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jun 7, 2019

Question 1

Use Excel's IRR function to answer the question.


A project requires an initial outlay of $100 000 and promises net returns of $18 500 per year over a twelve-year period. If the project has a residual value of $4000 after twelve years, what is the rate of return?

Question 2

Use Excel's IRR function to answer the question.


Billy Bob wants to convert his farm into a ski resort. He asked you to determine his rate of return based on the following estimates.
- Development cost for each of the first 2 years, $87 000.
- Construction of a chalet in Year 3, $1 240 000.
- Upon his retirement in fifteen years, improvements in the property will yield him $270 000.
- Net returns from the operation of the golf course will be nil for the first three years and $200 000 per year afterwards until his retirement.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by asan beg on Jun 7, 2019

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 7, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


asan beg

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 7, 2019
Thank you!


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 7, 2019
Always glad to help...


« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
How to sketch a quadratic equation using transformations after completing the square (Question 1) How to sketch a quadratic equation using transformations after completing the square (Question 1)
Consider the following Lagrangian function: Z(I1,K2,λ) = F(K1,L1) - I1 - w1L1 ... Consider the following Lagrangian function: Z(I1,K2,λ) = F(K1,L1) - I1 - w1L1 ...
Question about Resultant of gravitational force? Question about Resultant of gravitational force?
Rate order question Rate order question
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library