Real Estate Principles 3rd Edition by David Ling,Wayne Archer

Exercise 12

The internal rate of return equation incorporates:
A) Future cash outflows and inflows, but not initial cash flows.
B) Future cash outflows and inflows, and initial cash outflow, but not initial cash inflow.
C) Initial cash outflow and inflow, and future cash inflows, but not future cash outflows.
D) Initial cash outflow and inflow, and future cash outflow and inflow.