Please help and solve this WITHOUT using excel. Do NOT use excel. Please show step by step and show all of the work. Please keep handwriting neat. Please SHOW ALL formulas.

What is the IRR of the following set of cash flows?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Year Cash Flow

0 $ 16,200

1 6,900

2 8,200

3 6,700

IRR %