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(IRR with uneven cash flows) The Tiffin Barker Corporation is considering introducing a new currency verifier that has the ability to identify counterfeit dollar bills.

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(IRR with uneven cash flows) The Tiffin Barker Corporation is considering introducing a new currency verifier that has the ability to identify counterfeit dollar bills. The required rate of return on this project is 12 percent. What is the IRR on this project if it is expected to produce the following free cash flows: ? The IRR on this project is %. (Round to two decimal places.) Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Initial outlay FCF in year 1 FCF in year 2 FCF in year 3 FCF in year 4 FCF in year 5 FCF in year 6 - $1,051,943 240,000 360,000 360,000 240,000 240.000 120,000 Print Done

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