Assume that a two-year project with an initial outlay of $195 following safe rate (earning interest) 7.5% in the first year. The project generates cashflow stream $121 in the first year and $131 in the second year following reinvestment rate of 12%. To find the traditional IRR of the project so that the net present value (NPV) =0 when IRR=18.66%. Estimate financial management rate of return (FMRR). Assume that a two-year project with an initial outlay of $195 following safe rate (earning interest) 7.5% in the first year. The project generates cashflow stream $121 in the first year and $131 in the second year following reinvestment rate of 12%. To find the traditional IRR of the project so that the net present value (NPV) =0 when IRR=18.66%. Estimate financial management rate of return (FMRR)