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(Related to Checkpoint 11.4) (RR calculation) Determine the internal rate of return on the following project. An intal outlay of $3,500 resulting in a

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(Related to Checkpoint 11.4) (RR calculation) Determine the internal rate of return on the following project. An intal outlay of $3,500 resulting in a cash inflow of $1,700 at the end of year 1. $4,700 at the end of year 2, and 37,600 at the and of year 3 This project's a rate of retum Pound to two decimal places.)

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