As a capital budgeting director for abc company, you are evaluating the construction of a new plant. the plant has a net cost of $5 million in year 0, and it will provide net cash inflows of $1 million in year 1, $1.5 million in year 2, and $2 million ib years 3 through 5. as a first approximation, you may assume that all cash flows occur at year-end. within what range is the plant’s irr?

IRR is within range (17.48%, 22.99%)

Explanation:

Approximation by defect:

Be

IRR = 17.48%

Approximation by excess:

Be

IRR = 22.99%

Then,

17.48%<IRR<22.99%

Hope this helps!

answer; ///i believe that the correct answer is (post conventional)

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.