While using the ?? trial - and - error approach to find a ?? project's IRR, you first try ?? 8 % and find

While using the$\mathrm{â??}$ trial$-$and$-$error approach to find a$\mathrm{â??}$ project's IRR, you first try$\mathrm{â??}8\%$ and find the present value of the cash inflows to be exactly equal to the cost of the project. From this you can conclude that