Determine the IRR on the following projects:

a. An initial outlay of

$8,000

resulting in a free cash flow of

$1,981

at the end of each year for the next

11

yearsb. An initial outlay of

$8,000

resulting in a free cash flow of

$2,053

at the end of each year for the next

18

yearsc. An initial outlay of

$8,000

resulting in a free cash flow of

$1,087

at the end of each year for the next

15

yearsd. An initial outlay of

$8,000

resulting in a free cash flow of

$2,868

at the end of each year for the next

5

years

a. What is the IRR of a project with an initial outlay of

$8,000

resulting in a free cash flow of

$1,981

at the end of each year for the next

11

years?

enter your response here%

(Round to two decimal places.)b. What is the IRR of a project with an initial outlay of

$8,000

resulting in a free cash flow of

$2,053

at the end of each year for the next

18

years?

enter your response here%

(Round to two decimal places.)c. What is the IRR of a project with an initial outlay of

$8,000

resulting in a free cash flow of

$1,087

at the end of each year for the next

15

years?

enter your response here%

(Round to two decimal places.)d. What is the IRR of a project with an initial outlay of

$8,000

resulting in a free cash flow of

$2,868

at the end of each year for the next

5

years?

enter your response here%

(Round to two decimal places.)