HOW DO I INPUT THIS ON MY FINANCIAL CALCULATOR?

HP10B11+ Model

Please provide step by step instructions on financial calculator

Problem 6

What is the approximate IRR for a project that costs $110,000 and provides cash inflows of $30,000 for 6 years?

Assumptions:

Cashflows:

0. CF0 $ (110,000.00)

1. CF1 $ 30,000.00 1 - Frequency

2. CF2 $ 30,000.00 1 - Frequency

3. CF3 $ 30,000.00 1 - Frequency

4. CF4 $ 30,000.00

5. CF5 $ 30,000.00

6. CF6 $ 30,000.00

IRR = ?

NPV = 0

Solution:

16.19%