Find the IRR (it is not 11%)

6 of 6 (5 complete) HW Score: 83.33%, 5 of 6 pts Score: 0 of 1 pt P9-23 (similar to) :: Question Help NPV profile of a project. Given the following cash flow of Project L-2, draw the NPV profile. Hint: Be sure to use a discount rate of zero for one intercept (y-axis) and solve for the IRR for the other intercept (x-axis). (Click on the following icon in order to copy its contents into a spreadsheet.) Year 0 = - $280,000 Year 1 = $48,000 Year 2 = $72,000 Year 3 = $120,000 Year 4 = $135,000 What is the NPV of Project L-2 where zero is the discount rate? $ 95000 (Round to the nearest dollar.) What is the IRR of Project L-2? 11% (Round to two decimal places.)