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Shrewd Endeavors, Inc., invested $70,000 in a business venture with the following cash flow results: MARR is 10%. Determine the internal rate of return and

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Shrewd Endeavors, Inc., invested $70,000 in a business venture with the following cash flow results: MARR is 10%. Determine the internal rate of return and whether or not this is a desirable venture. 3 EOY CF EOY CF 0 -$70,000 11 10,000 1 20,000 12 9,000 2 19.000 13 8,000 3 18,000 14 7,000 4 17,000 15 6,000 5 16,000 16 5,000 6 15.000 17 4,000 7 14,000 18 3,000 8 13.000 19 2,000 12,000 20 1,000 10 11.000 9

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