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3 Internal Rate of Return A project is estimated to cost $147,510 and provide annual net cash flows of $30,000 for six years. Present Value

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Internal Rate of Return A project is estimated to cost $147,510 and provide annual net cash flows of $30,000 for six years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 1.833 1.736 1.690 1.626 1.528 2.673 2.487 2.402 2.283 2.106 3.465 3.170 3.037 2.855 2.589 4.212 3.791 3.605 3.353 2.991 4.917 4.355 4.111 3.785 3.326 5.582 4.868 4.564 4.160 3.605 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.3284.772 4.031 107.360 6.145 5.6505.0194.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above. %

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