Question 1: A project has projected cash flows over four periods as detailed in the following table: Discourd at Time 0 Cashflow ($) (600,000) Discounted at -- 1 240,000 2 210,000 180,000 3 1 250,000 Net present value Calculate the Internal Rate of Return (IRR) of this project by trial and error using the following interpolation formula: NPV ( IRR = r,- NPV, - NPV) lower discount rate chosen - higher discount rate chosen NPV atr, NPV at Answer: Page 1 of 4