Firm evaluates all of its projects by applying the irr rule

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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year Cash Flow year 0. –$ 27,100 year 1. $11,100 year 2. $ 14,100 year 3. $ 10,100

If the required return is 15 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

IRR % =

Reference no: EM13941294

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