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Sample Test Problem 9.4 Management is considering developing new computer software. The cost of development will be $675,000,
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A В 1 Cash Flow Year 2 (675,000) 3 195,000 4 2 195,000 3 195,000 6 4 195,000 7 5 195,000 8 6 195,000 9 18.406% 10 IRR 11 NM LА В 1 Cash Flow Year 2 0 -675000 3 1 195000 4 2 195000 5 3 195000 6 4 195000 7 5 195000 8 6 195000 9 10 IRR =IRR(B2:B8) 11

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