ABC Company Limited looking to invest in one of the proposed projects. The cost of that...

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ABC Company Limited looking to invest in one of the proposed projects. The cost of that project is $50,000 and cash inflows and outflows are projected for 5 years, as shown in the below table. Calculate the Internal Rate of Return (IRR) using the given interest rate and the rate of 9%. The given interest rate is 7%. (NB: DO NOT use Excel) Year Initial Investment Cash Inflows Cash Outlflows $50,000.00 1 $21,000.00 $5,000.00 2 $15,000.00 $2,000.00 3 $11,000.00 $2.000.00 4 $11,500.00 $2,000.00 5 $16,000.00 $1,000.00 Interest Rate 7% Ca. 8.23% Ob. 16.25% c. 15.17% Od. 7.25% O e. 7.83% ABC Company Limited looking to invest in one of the proposed projects. The cost of that project is $50,000 and cash inflows and outflows are projected for 5 years, as shown in the below table. Calculate the Internal Rate of Return (IRR) using the given interest rate and the rate of 9%. The given interest rate is 7%. (NB: DO NOT use Excel) Year Initial Investment Cash Inflows Cash Outlflows $50,000.00 1 $21,000.00 $5,000.00 2 $15,000.00 $2,000.00 3 $11,000.00 $2.000.00 4 $11,500.00 $2,000.00 5 $16,000.00 $1,000.00 Interest Rate 7% Ca. 8.23% Ob. 16.25% c. 15.17% Od. 7.25% O e. 7.83%