Question: Calculate the IRR for the following projects. a. An initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500. b. An initial outflow

Calculate the IRR for the following projects.
a. An initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500.
b. An initial outflow of $47,104 followed by inflows of $16,000, $17,000, and $18,000

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