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question: Use EXCEL Solver to discover the annual percentage increase in Project 2 revenues to create an IRR of 10% (4 Marks) answer = 6%(the

question: Use EXCEL Solver to discover the annual percentage increase in Project 2 revenues to create an IRR of 10% (4 Marks)

answer = 6%(the data is shown below, the original IRR is 3.59%)

pls, show in detail how to get the correct answer.

project 2 data:

Capital Costs Operating Costs Revenue Net
40000 -40000
5000 1500 3700 -2800
0 1500 3737 2237
0 1500 3774 2274
0 1500 3812 2312
0 1500 3850 2350
0 1500 3889 2389
0 1500 3928 2428
0 1525 3967 2442
0 1550 4007 2457
0 1575 4047 2472
0 1600 4087 2487
0 1625 4128 2503
0 1650 4169 2519
0 1675 4211 2536
5000 1700 4253 -2447
0 1500 4296 2796
0 1500 4339 2839
0 1500 4382 2882
0 1500 4426 2926
0 1500 4470 2970
0 1500 4515 3015
0 1525 4560 3035
0 1550 4605 3055
0 1575 4652 3077
0 1600 4698 3098
0 1625 4745 3120
0 1650 4792 3142
0 1675 4840 3165
0 1700 4889 3189
0 1700 4938 3238

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