(IRR

calculation)

Determine the IRR on the following projects:

a. An initial outlay of

$9,000

resulting in a single free cash flow of

$16,509

after

7

years?

b. An initial outlay of

$9,000

resulting in a single free cash flow of

$48,517

after

14

years?

c. An initial outlay of

$9,000

resulting in a single free cash flow of

$107,091

after

23

years?

d. An initial outlay of

$9,000

resulting in a single free cash flow of

$13,913

after

5

years?