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Deep Waters 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 $473,700.

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Deep Waters 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 $473,700. The project will produce the following after-tax cash inflows of
year 1 $156,400
year 2 $120,600
year 3 $155,700
year 4 $178,900

 
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