billy bob wants to convert his farm into a ski resort.he asked you to determine his rate of return based on the following estimates. development cost for each of the first 2 years, $87000. -...

Extracted text: billy bob wants to convert his farm into a ski resort.he asked you to determine his rate of return based on the following estimates. development cost for each of the first 2 years, $87000. - construction. of a chalet in year 3 $1240 000 -upon his retirement in fifteen years,improvements in the property will yields him $270 000 - net returns from the operation of the golf course will be nill for the first three years and $ 200 000 per year afterwards until his retirement .compute the IRR ( internal rate of return)