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How I can calculate the IRR on TI 83 plus with an annual sales growth?
This is the problem I'm trying to solve. I know how to calculate IRR basic problems in my calculator and I'm not sure how to incorporate the annual increase in sales in the equation to put it in my calculator. Could someone please write what I have to write to the financing of the IRR function to get the response (which is 10%). THANK YOU! A manufacturer of backpacks plans to introduce a new line. Equipment and production costs is to take place immediately and will amount to $ 7,272,727. The company expects a profit of $ 20 backpack, and sales are estimated at 100,000 in the first year (assuming that the cash flow comes in at the end of the year). Sales are then expected to grow 10% per year in each of thenext three years (in year 2, 3, and 4 year), but the price will remain at $ 20 everywhere. What is the internal rate of return of this project?
There are some very good business and finance programs related to the calculation that many of these types of problems for you. You must be able to find some in: http://calculatorti.com/ti_programs Simply click on TI-83 Plus and then business / finance Hope that helps.
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