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A project with an initial cost of $50,500 is expected to generate the following cash flows: Year Cash Flow 1 $10,100 2 $18,850 3 $13,250
A project with an initial cost of $50,500 is expected to generate the following cash flows:
| Year | Cash Flow |
|---|---|
| 1 | $10,100 |
| 2 | $18,850 |
| 3 | $13,250 |
| 4 | $13,570 |
| 5 | $7,300 |
What is the project's internal rate of return?
IRR = %
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