Internal Rate of Return $($IRR$)$ for Project AR

only. Assume interest rate $6\%.$

Your Lily Bakery Co. Chief Financial Officer is working on Capital Budgeting and requested you to 3 projects or investments for the company. The initial cash outlay is RM8,OOO and your forecasted future cash flows for the 3 projects are as follows: Year Year 1 Year 2 Year 3 Year 4 Year 5 calculate: Project AR 2000 2000 2000 2000 2000 Project BR 1000 3000 3000 5000 Project CR 3000 2000 5000 6000 Internal Rate of Return (IRR) for Project AR only. Assume interest rate 6%.