Compute the IRR for the following project cash flows: a. An initial outlay of $3,304,264 followed by annual cash flows of $619,590 for the next eight years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is %.

b. An initial investment of $39,544 followed by annual cash flows of $10,970 for the next five years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is

%

c. An initial outlay of $9,119 followed by annual cash flows of $2,280 for the next seven years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is

%