8.3 The IRR is now about 8.9% because 8.4 $16,000 $16,000 $416,000 NPV -$350,000+ 0 1.089 (1.089)...

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8.3 The IRR is now about 8.9% because 8.4 $16,000 $16,000 $416,000 NPV -$350,000+ 0 1.089 (1.089) (1.089) Note in Figure 8-6 that NPV falls to zero as the discount rate reaches 8.9%.

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