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An investment is expected to produce the following annual year-end cash flows: Year 1, $18,060; Year 2, $22,050; Year 3, $18,060; Year 4, $22,050; and

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An investment is expected to produce the following annual year-end cash flows: Year 1, $18,060; Year 2, $22,050; Year 3, $18,060; Year 4, $22,050; and Year 5, $22,050. If the investment costs you $80,000 today what is its IRR? 09.89% 06.97% 08.54% 10.08%

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