Question: Question 8: Problem 9.L05.24 (similar to) Question Help Settings Find the internal rate of return (IRR) for the following project. The project requires an initial

Question 8: Problem 9.L05.24 (similar to) Question Help Settings Find the

Question 8: Problem 9.L05.24 (similar to) Question Help Settings Find the internal rate of return (IRR) for the following project. The project requires an initial investment of $1,200 and provides 5 annual cash inflows of $320. Assume a cost of capital of 12.9%. The IRR of the project is %. (Round to two decimal places.)

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