There are two options to buy a plot of land for construction: (i) upfront payment of $200 000, or i four equal payments of $50 000 in years 1-4 and the fifth payment of $100 000 in year 5. What is the implied IRR of choosing the second option over the first?
There are two options to buy a plot of land for construction: (i) upfront payment of $200 000, or i four equal payments of $50 000 in years 1-4 and the fifth payment of $100 000 in year 5. What is the implied IRR of choosing the second option over the first?
