Input area:
Year Cash flow
0(650,000,000)$
180,000,000$
2121,000,000$
9(72,000,000)$
Required return 12%
Output area:
Payback period 4.31
IRR 13.25% =IRR(D8:D17)
IRR -59.39% =IRR(D8:D17,-0.99)
Chapter 8
Bullock Gold Mining