Consider the following cash flows:

Year $0=($$$77,000)larr$ negative number

Year $1=$$$34,000$

Year $2=$$$39,000$

Year $3=$$$12,000$

Determine a $2\%$ range for the IRR by doing multiple NPV calculations at different discount rates.

The IRR is between

$\%$ and

$\%.$

example of a response: The IRR is between $10\%$ and $12\%.$