Question $23$

$1pts$

A project requires a $1,000,000$ investment. Find the internal rate of return $($IRR$)$ if the project is able to generate the following cash flows.

Year $1$: $$250,000$

Year $2$: $$200,000$

Year $3$: $$150,000$

Year $4$: $$200,000$

Year $5$:$$761,242$

$0\mathrm{.}00\%$

$5\mathrm{.}32\%$

$13\mathrm{.}59\%$

$9\mathrm{.}18\%$

$11\mathrm{.}88\%$