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The following set of cash flows has 2 internal rates of return. The first IRR is 23.77%. Calculate the 2nd IRR for the cash flows.

The following set of cash flows has 2 internal rates of return. The first IRR is 23.77%. Calculate the 2nd IRR for the cash flows. (Enter percentages as decimals and round to 4 decimals). Hint: you will need to use a guess in the excel function.

Time Cash Flow
0 7,500
1 -16,250
2 8,000
3 -6,500
4 9,000

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