0 mathxl.com Content Do Homework - HW5 + 2020-2 ITF 312 - Financial Management 1 CEM_SMA_L AKKO : | 07/03/21 12:54 PM Homework: HW5 Save Score: 0 of 20 pts 3 of 5 (1 complete) HW Score: 0%, 0 of 100 pts Warm-Up 10-4 (similar to) Question Help Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure. Project T-Shirt requires an initial investment of $18,000 and generates cash inflows of $6,000 per year for 6 years. Project Board Shorts requires an initial investment of $35,167 and produces cash inflows of $12,500 per year for 7 years. The IRR of project T-Shirt is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check