Go to the Global Group tab on the embedded spreadsheet:

You are provided with 6 years of future regular after-tax operating cash flows. In addition, assume the following:

• Initial Cash outlay for the investment at time zero is $3,800
• After Tax Salvage Value at the end of year 6 is $300

Compute the Internal rate of Return for the project. State as a percentage but DO NOT include the %-sign special character and present your answer to the second decimal place. Hence 12.5678% would be written as 12.57 to be marked correct.