Answer:
a. 15.89%
Explanation:
The computation of project IRR is shown below:-
Year Cash Flow
0 -35,710
1 $7,850
2 $9,410
3 $13,280
4 $15,450
5 $10,100
IRR 15.89%
It is the rate of return at which the net present value is equivalent to zero
We simply use the formula i.e.
= IRR(B2:B7)
For more clarification please find the spreadsheet as attached.
