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Please explain the process using a calculator BA II, Iron Works International is considering a project that will produce annual cash flows of $37,300, $46,000,

Please explain the process using a calculator BA II,

Iron Works International is considering a project that will produce annual cash flows of $37,300, $46,000, $56,700, and $22,200 over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $113,700?

A) 13.80% B) 14.72% C) 15.18% D) 16.56% E) 15.87%

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