# Determine whether the IRR for a project with the following cash flows is about 9% or 13% if its cost

This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

## Question:

Determine whether the IRR for a project with the following cash flows is about 9% or 13% if its cost is $13,058,741. Â

Period Â of four, cash flow:Â

Year 1 $2,200,000,Â

Year 2 $2,400,000,Â

Year 3 $8,100,000,Â

Year 4 Â $5,900,000

**Related Book For**

## College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

**View Solution**

Create a free account to access the answer

**Cannot find your solution?**

Post a FREE question now and get an answer within minutes.
* Average response time.

**Question Details**

Chapter #

**5**Section: Exercises 5.3

Problem: 56