Deep Waters, Inc. is using the internal rate of return (IRR)
Deep Waters, Inc. is using the internal rate of return (IRR) when
evaluating projects. Find the IRR for the company’s project. The initial outlay for the project is $415,000. The project will produce the following after-tax cash inflows of
Year 1: 122,100
Year 2: 16,400
Year 3: 176,300
Year 4: 129,200
Round the answer to two decimal places in percentage form.
You should use Excel or financial calculator.