A company has a project with a 5-year life, requiring an initial investment of $231,600, and is expected to yield annual cash flows of $58,000. What is the internal rate of return? IRR Factora Investment Annual cash flows IRR Factor: This is the factor which "Investment: This is the present you'll use on the table for the present value of an annuity of $1 percentage which corresponds to dollar in order to find the the internal rate of return. value of cash outflows associated with a project. If all of the investment is up front at the beginning of the project, the present value factor is 1.000. "Annual Cash Flows: This is the amount of cash flows to be received annually as a result of the project. Calculation Steps Present Value of an Annuity of $1 at Compound Interest. IRR Factor = rounded to 6 decimals The calculated factor corresponds to which percentage in the present value of ordinary annuity table? %