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What Is the Internal Rate of Return on an Investment

question 64

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What is the internal rate of return on an investment with the following cash flows?
 Year  Cash Flow 0£123,4001£36,2002£54,8003£48,100\begin{array}{|l|l|}\hline \text { Year } & \text { Cash Flow } \\\hline 0 & -£ 123,400 \\\hline 1 & £ 36,200 \\\hline 2 & £ 54,800 \\\hline 3 & £ 48,100 \\\hline\end{array}


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