A project has a cash flow of $50,000 at time 0 , a cash flow of $10,000 at time 1 year, and a cash flow of $15,000 at time 2 years. Assuming ordinary economic conditions, what is the IRR of these cash flows? The IRR is 34.32%. The IRR is about 34%. The project has a double IRR of 17.16%, corresponding to the double root of the equation defining the IRR. The cash flows do not have an IRR under normal economic conditions