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Find the internal rate of return (IRR) for the following series

August 9, 2020/in Feeds /by admin

Find the internal rate of return (IRR) for the following series of
future cash flows. The initial outlay is $787,700.
Year 1: 159,000
Year 2: 149,500
Year 3: 264,900
Year 4: 239,500
Year 5: 261,200
Round the answer to two decimal places in percentage form.
You should use Excel or financial calculator.