Question: The engineering design and testing group for Honda Corp. does contract-based work for automobile manufacturers throughout the world. During the last 3 years, the net

The engineering design and testing group for Honda Corp. does contract-based work for automobile manufacturers throughout the world. During the last 3 years, the net cash flows for contract payments have varied widely, as shown below, primarily due to a large manufacturer's inability to pay its contract fee

Year

0

1

2

3

Cash Flow ($000s)

$2000

-$500

-$8100

$6800

What is (are) the IRR of the cash flows above using Excel Spreadsheet?

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