Engineering Economics

Struggling with part B of the question

Consider an investment project with the cash flows given in Table P7.15. (a) Find the IRR for this investment. (b) Plot the present worth of the cash flow as a function of i. (c) On the basis of the IRR criterion, should the project be accepted at MARR = 15%? GIVENS Year 0 cash flow: -$220,000 Year 1 cash flow: $94,000 Year 2 cash flow: $144,000 Year 3 cash flow: $72,000 DETERMINE ANALYSIS A) B) C) IRR = 20% > MARR = 15% The project should be accepted