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Stacy and John lend small amounts to other students in need. Their yearly cashflows are shown below. Both of them can borrow or save from

Stacy and John lend small amounts to other students in need. Their yearly cashflows are shown below.
Both of them can borrow or save from a bank on campus at an annual rate of 10.00%.
Stacy John Year
-$300 -$405 0
-$387 $134 1
-$193 $134 2
-$100 $134 3
$600 $134 4
$600 $134 5
$850 $134 6
-$180 $0 7
How much is the IRR (internal rate of return) of Stacy's project?
Enter your answer in the following format: 0.1234; Hint: Answer is between 0.1665 and 0.1991

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