Question: This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do

This set of problems is designed to be calculated using theExcel or financial calculator.Do not use financial tables to calculate these problems.Do not usealgebraic formulas to calculate these problems

Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the company's project. The initial outlay for the project is $319,500. The project will produce the following after-tax cash inflows of

Year 1: 137,600

Year 2: 90,400

Year 3: 147,400

Year 4: 153,600

Round the answer to two decimal places in percentage form.

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