Homework #6C (IRR and MIRR annually and semi-annually)

Homework #6C (IRR and MIRR annually and semi-annually)

Question 2 (1 point)

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 $443,300. The project will produce the following after-tax cash inflows of

Year 1: 187,900

Year 2: 59,200

Year 3: 168,400

Year 4: 164,900

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use Excel or financial calculator.