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Year 0 Year 1 Year 2 Year 3 OCF $ 2 0 0 $ 3 0 0 $ 3 0 0 Capital Spending ( $

Year 0 Year 1 Year 2 Year 3
OCF $200 $300 $300
Capital Spending ($500)
Change in NWC ($100)_____
Free Cash Flows ($600) $200 $300_____
Discount Rate: 9%
Referring to the table above, if the change in NWC over the life of the project is $0, what is the IRR of the project?

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