Are graders really expecting a table of cash inflows and outflows on the individual IPS questions, or is this merely for illustrative purposes?
I would get ready to set up the table. I think they are looking for it to justify your final answer and if you set it up the their way, you should get partial points if you mess something up (kinda like using pen to make the grader happy). However, I can’t see how if your final answer is correct, that they can ding you on using a different calculation that gets to that answer…
I’m going to use a table, show every calculation, and hope for partial credit.
I’m using the table based on what I’ve seen in previous exams.
Think I will do the calcs first, then set up a table afterward at the end of the exam, given time, as a check and plea for credit. Or perhaps a really rough table initially…