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(20 points) Calculate the IRR for the following cash flows. You must show trial-and-error methodology and use interpolation to find the IRR to 2 decimal
(20 points) Calculate the IRR for the following cash flows. You must show trial-and-error methodology and use interpolation to find the IRR to 2 decimal points to get credit. Year 0 1 2 3 4 5 6 7 8 I Net Cash | -35,700 | +8.000 | +8,000 | +8000 | +8,000 | +8,000 | +8,000 | +8,000 | +2,000 Flow, $ -2.000 A = +$8,000 HH 8 -535,700 -$2,000
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