To the nearest whole percentage, what is the IRR of a project with the following cashflows:

Time Cashflow

0 (14,000)

1 2,000

2 3,500

3 5,000

4 6,000

5 3,500

A. 6% B. 8% C. 10% D. 12% E. 14% ?

Working: PV using 10%: (2,000 x 0.909) + (3,500 x 0.826) + (5,000 x 0.751) + (6,000 x 0.683) + (3,500 x 0.621) 14,000 = 736 PV using 12%: (2,000 x 0.893) + (3,500 x 0.797) + (5,000 x 0.712) + (6,000 x 0.636) + (3,500 x 0.561) 14,000 = 736 = -85

How do you work out the figures in PV 10% and 12% : 0.909, 0.826, 0.751, etc?