Question $11,$ Problem $10-4($similar to$)$

Part $1$ of $3$

HW Score: $66\mathrm{.}67\%,10$ of $15$ points

Points: $0$ of $3$

$($IRR calculation$)$ Determine to the nearest percent the IRR on the following projects:

a$.$ An initial outlay of $$13,000$ resulting in a free cash flow of $$4,000$ at the end of year $1,$$$5,500$ at the end of year $2,$ and $$10,000$ at the end of $3$

b$.$ An initial outlay of $$13,000$ resulting in a free cash flow of $$10,000$ at the end of year $1,$$$5,500$ at the end of year $2,$ and $$4,000$ at the end of year $3$

c$.$ An initial outlay of $$13,000$ resulting in a free cash flow of $$4,000$ at the end of years $1$ through $5$ and $$5,500$ at the end of year $6$

a$.$ What is the IRR of a project with an initial outlay of $$13,000$ resulting in a free cash flow of $$4,000$ at the end of year $1,$$$5,500$ at the end of year $2,$ and $$10,000$ at the end of year $3?$

$\%($Round to two decimal places.$)$