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onnect Only Problem 1 3 - 1 1 IRR ( LG 1 3 - 4 ) uppose your firm is considering investing in a project

onnect Only Problem 13-11 IRR (LG13-4)
uppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of nis risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 jears, respectively.
\table[[Time:,0,1,2,3,4,5,6],[Cash flow:,-$7,400,$1,120,$2,320,$1,520,$1,520,$1,320,$1,120
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