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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 free cash flow of $1,987 at the end of each year for the next 11 years
b. An initial outlay of $11,000 resulting in a free cash flow of $2,078 at the end of each year for the next 19 years
c. An initial outlay of $11,000 resulting in a free cash flow of $1,036 at the end of each year for the next 15 years
d. An initial outlay of $11,000 resulting in a free cash flow of $2,849 at the end of each year for the next 5 years
a. What is the IRR of a project with an initial outlay of $11,000 resulting in a free cash flow of $1,987 at the end of each year for the next 11 years?
%(Round to 'two decimal places.)
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