step by step process to get 13.21% on a calculator Hart Corp. is considering a project that

step by step process to get 13.21% on a calculator

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Hart Corp. is considering a project that has the following cash flow data and cost of capital (r). What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. Year 0 1 2 Cash flows -$1,000 $425 $425 r: 12.0% 14.56% 13.21% 12.00% 15.29% 25.21% Hart Corp. is considering a project that has the following cash flow data and cost of capital (r). What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. Year 0 1 2 Cash flows -$1,000 $425 $425 r: 12.0% 14.56% 13.21% 12.00% 15.29% 25.21%