10-2 (similar to)
(IRR calculation) Determine the IRR on the following projects:
a. An initial outlay of $11,000 resulting in a single free cash flow of $16,588 after 8 years
b. An initial outlay of $11,000 resulting in a single free cash flow of $45,166 after 12 years
c. An initial outlay of $11,000 resulting in a single free cash flow of $105,391 after 22 years
d. An initial outlay of $11,000 resulting in a single free cash flow of $13,519 after 3 years
a. What is the IRR of a project with an initial outlay of $11,000 resulting in a single free cash flow of $16,588 after 8 years?