Explain the irr function in excel

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Reference no: EM133122045

Consider the following cash flows:

C0

C1

C2

C3

C4

-22

+$20

+$20

+$20

+$40

Use the IRR function in Excel.

If you input a guess of 5%, the output IRR is --------%

If you input a guess of 20%, the output IRR is --------%

Should you accept the project if the cost of capital is 5% (Yes/No)

Should you accept the project if the cost of capital is 20%? (Yes/No)

Should you accept the project if the cost of capital is 40%? (Yes/No)

Reference no: EM133122045

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