Compute the internal rate of return irr of powerball, Ask an Expert

Accounting

1. You have just paid $20 million in secondary market for winning Powerball lottery ticket. Prize is $2 million at end of the year for next 25 years. If your required rate of return is 8 percent, determine net present value (NPV) of deal?

2. Internal Rate of Return

Compute the internal rate of return (IRR) of Powerball deal in problem 1?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919574

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