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( IRR calculation ) Determine the IRR on the following projects: a . An initial outlay of $ 1 1 , 0 0 0 resulting

(IRR calculation) Determine the IRR on the following projects:
a. An initial outlay of $11,000 resulting in a single free cash flow of $17,224 after 8 years
b. An initial outlay of $11,000 resulting in a single free cash flow of $46,613 after 11 years
c. An initial outlay of $11,000 resulting in a single free cash flow of $113,806 after 23 years
d. An initial outlay of $11,000 resulting in a single free cash flow of $13,883 after 4 years
a. What is the IRR of a project with an initial outlay of $11,000 resulting in a single free cash flow of $17,224 after 8 years?
(Round to two decimal places.)
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