Question: Global Eagle is evaluating a project with the following cash flows: Initial cash outflow at t=0 is -$350, while cash inflow at t=1 is $14,

Global Eagle is evaluating a project with the following cash flows:

Initial cash outflow at t=0 is -$350, 

while cash inflow at t=1 is $14, at t=2 is $52, at t=3 is $106, at t=4 is $193, and at t=5 is $295.

Global Eagle's required rate of return is 9%.

 What is the project's IRR?

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