Determine the IRR to the nearest percent on the following projects: a. An initial outlay of ($12,000)

Question:

Determine the IRR to the nearest percent on the following projects:

a. An initial outlay of $$12,000$ resulting in a free cash flow of $$2,100$ at the end of year 1, $$5,210$ at the end of year 2, and $$7,987$ at the end of year 3

b. An initial outlay of $$12,000$ resulting in a free cash flow of $$7,987$ at the end of year 1, $$5,210$ at the end of year 2, and $$2,100$ at the end year 3

c. An initial outlay of $$12,000$ resulting in a free cash flow of $$2,100$ at the end of years 1 through 5 and $$5,210$ at the end of year 6

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