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(Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of retum on the following project An initial outlay of $10.000 resulting in a cash

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(Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of retum on the following project An initial outlay of $10.000 resulting in a cash inflow of $2,000 at the end of year 1,55,000 at the end of yoar 2 and $8,000 at the end of year 3 . This project's internal rate of refurn is K. (Round to two docimal places)

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