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(Related to Checkpoint 11.4) (IRR calculation) Determine the intemai rate of retum on the following projoct An initial outlay of $10,000 resulong in a cash

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(Related to Checkpoint 11.4) (IRR calculation) Determine the intemai rate of retum on the following projoct An initial outlay of $10,000 resulong in a cash inflow of $2,000 at the end of year 1 , $5,000 at the end of year 2 , and $8,000 at the end of year 3 . This projects internal rate of retuen is 4. (Round to two decimal places.)

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