1. An investment project has a cost of $1025, generates cash flows of $50, $50, $50, $50, $50, and $1050. What is the IRR (internal rate of return on the project)?

4.0%

4.5%

5.0%

5.5%

6.0%

if I use a IRR calculator I get 4.5% and if I use excel i get 5%. Not sure what Im doing wrong