Project Boyaz is expected to generate $$24,000$ each year for the next four years. It will cost $$60,000$ to implement the project today. If the project$$s required rate of return is $12\%,$ what is its internal rate of return?

$11\mathrm{.}59\%$

$14\mathrm{.}40\%$

You Answered

$18\mathrm{.}93\%$

Correct Answer

$21\mathrm{.}86\%$

Can you help me solve this without using excel