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7 A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flows
7
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:
| Year | Cash Flows |
| 0 | -25812 |
| 1 | 12633 |
| 2 | 10985 |
| 3 | 10513 |
What is the IRR for this project? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
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