Internal Rate of Return (IRR) - show your work, set up each problem with a cash flow reries and/or with the formula 7. Calculate the IRR of a project that requires an initial cash outflow of 55,000 and will be sold at the end of year 5 for 52,500 . The project produces the following cash flows: year 1) +5700; vear 21+5600; year 3)+5500; year 4)+5400; year 5}+300 8. Calculate the IRR of a machine, which is bought for $10,000, sold at the end of year 5 for $3,500, and produces the following cash flows: year 1) +$300; year 21+$600; year 3) +$1,200; year 4)+$2,400; year 5}+$4,800 9. Calculate the IRR of a machine, which is bought for $6,000, sold at the end of year 5 for $2,000, and produces the following cash flows: year 1) +$2,000; year 2) +$1,750; year 31 +$1,500; year 41+$1,000; year 51+$500