A project is estimated to cost $248,400 and provide annual cash flows of $50,000 for 8 years. Year 1 2 3 4 5 6 7 8 9 10 6% 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 Determine the internal rate of return for this project by using the table above. %

A project is estimated to cost $248,400 and provide annual cash flows of $50,000 for 8 years. Determine the internal rate of return for this project by using the table above. or