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Question # 4 Calculate the IRR for the following data. with an initial cost of $2,000,000 Cash Flows Project M Project N Project O Project

Question # 4

Calculate the IRR for the following data. with an initial cost of $2,000,000

Cash Flows

Project M

Project N

Project O

Project P

Year one

$500,000

$600,000

$1,000,000

$300,000

Year two

$500,000

$600,000

$800,000

$500,000

Year three

$500,000

$600,000

$600,000

$700,000

Year four

$500,000

$600,000

$400,000

$900,000

Year five

$500,000

$600,000

$200,000

$1,100,000

Discount Rate

6%

9%

15%

22%

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