Krishan Limited is leading manufacturer of automotive components. It supplies to the original equipment manufacturers as well as the replacement market. Its projects typically have a short life as it introduces new models periodically. You have recently joined Krishan Limited as financial analyst reporting to Ravi Sharma, the CFO of the company. He has provided you the following information about three projects, A, B, and C, that are being considered by the Executive Committee of Meena Limited: Project A is an extension of an existing line. Its cash flow will decrease over time. Project B Involves a new product. Building its market will take some time and hence its cash flow will increase over time. Project C is concerned with sponsoring a pavilion at a Trade Fair. It will entail a cost initially which will be followed by a huge benefit for one year. However, in the year following that a substantial cost will be incurred to raze the pavilior. The expected net cash flows of the three projects are as follows.

YEAR	PROJECT A	PROJECT B	PROJECT C
0	235000	235000	235000
1	121000	223500	238000
2	127000	128000	24000
3	54800	53000	-------

Ravi Sharma believes that all three projects have risk characteristics similar to the average risk of the firm and hence the firms cost of capital, viz. 11 percent, will apply to them.

Q. Calculate the Internal Rate of return(IRR) for Projects A, B, and C. Solve it in in a way I can write in notebook not on Excel. Please look that it is not excel method.