(IRR calculation ) Determine to the nearest percent the IRR on the following projects a.

a. An initial outlay of $13,000 resulting in a free cash flow of $2,500 at the end of year 1$6,500 at the end of year 2 and $8,000 at the end of year 3?

_% (Round to two decimal places.)

b. An initial outlay of $13,000 resulting in a free cash flow of $8,000 at the end of year 1, $6,500 at the end of year 2 and $2,500 at the end of year 3?

_% (Round to two decimal places.)

c.An initial outlay of $13,000 resulting in a free cash flow of $2,500 at the end of years 1 through 5 and $6,500 at the end of year 6?

_% (Round to two decimal places.)