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Calculate the internal rate of return (IRR) for the Montauk and Orient projects. For convenience the investments and projected cash flows from the two projects

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Calculate the internal rate of return (IRR) for the Montauk and Orient projects. For convenience the investments and projected cash flows from the two projects are reproduced below. It is recommended that you use Excel formulas (functions) or other type calculator for your work. Show your answers in the spaces provided. Montauk Orient New investment (cash outflow) (424,000) Expected 3-year net cash flows: $(380,000) Year 1 Year 2 Year 3 150,000 160,000 170,000 130,000 130,000 130,000

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