1 ) Continuing with the same project analysis, recall that Organic Farms is considering an investment in a new irrigation system The firm's cost of capital, appropriate for this project, is 8 00 per year The incremental free cash flows for the irrigation project are as follows Year Free Cash Flows 0 $65,000 1 20,300 2 20,300 3 20,300 4 20,300 Compute the IRR for the project Round your answer to the nearest hundredth of a percent For example, enter 7 as 7 00 or 6 625 as 6 63 2 ) Please identify the formula used for the previous question

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Question: 1.) Continuing with the same project analysis, recall that Organic Farms is considering an investment in a new irrigation system. The firm's cost of capital,

1.) Continuing with the same project analysis, recall that Organic Farms is considering an investment in a new irrigation system. The firm's cost of capital, appropriate for this project, is 8.00% per year. The incremental free cash flows for the irrigation project are as follows:

Year	Free Cash Flows
0	-$65,000
1	20,300
2	20,300
3	20,300
4	20,300

Compute the IRR for the project.

Round your answer to the nearest hundredth of a percent. For example, enter 7% as 7.00 or 6.625% as 6.63.

2.) Please identify the formula used for the previous question.

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