Question: Need help with this question. Thanks! Consider the following three projects: Year 2 3 4 5 6 Project A -$5,000 SO $2,000 $4,000 $6,000 $8,000

Need help with this question. Thanks!

Need help with this question. Thanks! Consider
Consider the following three projects: Year 2 3 4 5 6 Project A -$5,000 SO $2,000 $4,000 $6,000 $8,000 Project B -$10,000 SO SO $8,000 $16,000 $16,000 Project C $20,000 -$5,000 SO SO $0 $60,000 Assume an interest rate of 9%, what project should be chosen? What about 12%? You should assume compound interest. What is the IRR for each project? Please try and calculate this using the bisection method

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