1.Determine the internal rate of return on the following projects:

a.An initial outlay of $1 0,000 resulting in a free cash flow of $1,993 at the end of each year for the next 10 years

b.An initial outlay of $1 0,000 resulting in a free cash flow of $2,054 at the end of each year for the next 20 years

c.An initial outlay of $1 0,000 resulting in a free cash flow of $1,193 at the end of each year for the next 12 years

d.An initial outlay of $1 0,000 resulting in a free cash flow of $2,843 at the end of each year for the next 5 years