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A project is estimated to cost $360,556 and provide annual net cash flows of $79,000 for seven years. Present Value of an Annuity of $1

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A project is estimated to cost $360,556 and provide annual net cash flows of $79,000 for seven years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.893 0.833 0.909 1.736 2.487 0.870 1.626 1.833 1.690 2.673 2.402 2.283 2.106 3.465 3.170 3.037 2.855 2.589 4.212 3.791 3.605 3.353 2.991 4.917 4.355 4.111 3.785 3.326 4.564 4.160 3.605 5.582 6.210 4.868 5.335 4.968 4.487 3.837 6.802 5.759 5.328 4.772 4.031 7.360 6.145 5.650 5.019 4.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above

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