# Question: The Tiffin Barker Corporation is considering introducing a new currency

The Tiffin Barker Corporation is considering introducing a new currency verifier that has the ability to identify counterfeit dollar bills. The required rate of return on this project is 12 percent. What is the IRR on this project if it is expected to produce the following cash flows?

Initial outlay -$ 927,917

FCF in year 1... 200,000

FCF in year 2... 300,000

FCF in year 3... 300,000

FCF in year 4... 200,000

FCF in year 5... 200,000

FCF in year 6... 160,000

Initial outlay -$ 927,917

FCF in year 1... 200,000

FCF in year 2... 300,000

FCF in year 3... 300,000

FCF in year 4... 200,000

FCF in year 5... 200,000

FCF in year 6... 160,000

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