Question: A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present

A project has the cash flows given in the table below. The

A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present Value (NPV) of -$96,700. Calculate the project's internal rate of return (IRR). Year Cash Flow Not Given 0 1 $246,000 2 $246,000 3 $253,000 4 $253,000 5 $253,000 O8.37 percent 10.61 percent 16.91 percent 13.48 percent 9.81 percent

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