a Calculate the IRR for the following project. An outflow of ($8),000 in year 0 followed by

Question:

a Calculate the IRR for the following project. An outflow of $$8$,000 in year 0 followed by an inflow of $$3$,000, $$3$,500, and $$3$,500 in one-year increments.

b Calculate the IRR for a project with $$100$,000 of initial cash outflow followed by three years of $$20$,000 and a single lump sum inflow in the final year of $$65$,000.

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