(IRR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,500 at the end of year 1, $5,000 at the end of year 2, and $9,500 at the end of year 3 b. An initial outlay of $11,000 resulting in a free cash flow of $9,500 at the end of year 1; $5,000 at the end of year 2, and $3,500 at the end of year 3 c. An initial outlay of $11,000 resulting in a free cash flow of $3,500 at the end of years 1 through 5 and $5,000 at the end of year 6 a. What is the IRR of a project with an initial outlay of $11,000 resulting in a free cash flow of $3,500 at the end of year 1, $5,000 at the end of year 2, and $9,500 at the end of year 3? % (Round to two decimal places.)