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No excel please! If possible! A four-year project requires an investment of -137 and has the following cash flows in years 1 through 4 ,

image text in transcribed No excel please! If possible!

A four-year project requires an investment of -137 and has the following cash flows in years 1 through 4 , respectively (all cash flows in dollars): 131,202 , 198, and 194. Without actually calculating any IRR, what is the minimum possible value any of the real IRRs could have? Give your answer as a percent with two decimals; e.g., 23.24 (Acceptable error =0.5%)

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