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You ve done an ROI problem. You ve done an NPV problem. It is IRR time. Here are two sets of cash flows. Select the

Youve done an ROI problem. Youve done an NPV problem. It is IRR time. Here are two sets of cash flows. Select the IRRs for each of these cash flows. I used Excel to calculate the IRR and I set Excel to only show 2 decimal places. The answer choices I list below are exactly as Excel displayed it to me.
Cash Flow 1:
Year 0
Year 1
Year 2
Year 3
Year 4
-100
20
50
60
75
Cash Flow 2:
Year 0
Year 1
Year 2
Year 3
Year 4
-600
550
550
550
-1,100
Group of answer choices
10.35%
35.59%
6.20%
29.28%
26.80%
25.73%
36.98%
3.44%

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