Question: Please solve it step by step with detailed explaintation. The Fargas Company invested $90,000 in a two-year project in which net cash inflows for the
Please solve it step by step with detailed explaintation.

The Fargas Company invested $90,000 in a two-year project in which net cash inflows for the first year totaled $57,000. Assume that the cash flows for the year all occur on the last day of the year. If the internal rate of return was exactly 10%, the cash flow for the second year must have been without considering the effect of taxes): $33,000. $46,231. $36,300. 0 $30,562
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