1. (IRR calculation) Determine the IRR on the following projects: a. An initial outlay of $12,000 resulting in a single free cash flow of $16,675 after 7 years b. An initial outlay of $12,000 resulting in a single free cash flow of $54,003 after 12 years c. An initial outlay of $12,000 resulting in a single free cash flow of $113,307 after 25 years d. An initial outlay of $12,000 resulting in a single free cash flow of $13,728 after 3 years a. What is the IRR of a project with an initial outlay of $12,000 resulting in a single free cash flow of $16,675 after 7 years? % (Round to two decimal places.) b. What is the IRR of a project with an initial outlay of $12,000 resulting in a single free cash flow of $54,003 after 12 years? % (Round to two decimal places.) c. What is the IRR of a project with an initial outlay of $12,000 resulting in a single free cash flow of $113,307 after 25 years? % (Round to two decimal places.) d. What is the IRR of a project with an initial outlay of $12,000 resulting in a single free cash flow of $13,728 after 3 years? % (Round to two decimal places.)