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A project is estimated to cost 16,200. It is expected to a life of 3 years and generate cash inflows of rs 8000 ,rs 7000

A project is estimated to cost 16,200. It is expected to a life of 3 years and generate cash inflows of rs 8000 ,rs 7000 and rs 6000 respectively. Calculate IRR.

Present value of rupee one at varying discount rate for period of 3 years.

Years 13% 14% 15% 16%

1 0.8850 0.8772 0.8696 0.8621

2 0.7831 0.7695 0.7561 0.7432

3 0.6930 0.6750 0.6575 0.6407

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