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Initial Outlay Cash Flow in Period CFo CF1 CF2 -20,000 7,730.85 7,730.85 The IRR is approximately: 14%. 16%. 18%. 20%. CF3 7,730.85 CF4 7,730.85

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Initial Outlay Cash Flow in Period CFo CF1 CF2 -20,000 7,730.85 7,730.85 The IRR is approximately: 14%. 16%. 18%. 20%. CF3 7,730.85 CF4 7,730.85

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