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Dan has a project for which he had determined a Present Worth of $56,404. He now has to calculate the IRR for the project, but

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Dan has a project for which he had determined a Present Worth of $56,404. He now has to calculate the IRR for the project, but unfortunately he has lost complete information about the cash flows. He knows only that the project has: a 10-year service-life and a first cost of $238,000, a set of equal revenue cash flows occurred at the end of each year for 10 years, and MARR used for calculation the Present Worth was 6%. Find the annual revenue first and then calculate the IRR for this project=? 12% > IRR (i*) > 11% 11% > IRR (i*) > 10% 10% > IRR (i*) > 9% 9% > IRR (i*) > 8% 8% > IRR (i*) > 7%

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