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Calculate the internal rate of return

Calculate the internal rate of return

answer this question with manual format and explain it Calculate the internal rate of return on the following projects:a.   Initial outlay of $60,500 with an after-tax cash flow of $11,897 per year for eight years.b.   Initial outlay of $647,000 with an after-tax cash flow of $118,000 per year for ten years.c.    Initial outlay of $25,400 with an after-tax cash flow $11,788 per year for three years.Answer:a.   IRR = 11.33%b.   IRR = 12.74%c.    IRR = 18571%I will pay %10 total 

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