Question: Using the information in the previous two questions, what is the Internal Rate of Return (IRR)? Total cost (day 0): $3,250,000 Total cost (year 1):

Using the information in the previous two questions, what is the Internal Rate of Return (IRR)? Total cost (day 0): $3,250,000 Total cost (year 1): $850,000 Annual cash flow for year 2: $0 Annual cash flows for years 3 to 6:$892,000 Annual cash flows for years 7 to 10:$1,250,000
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