Determine the Internal Rate of Return of the Following Cash

question 5

Short Answer

Determine the internal rate of return of the following cash flow. $$\begin{array} { | l | l | l | l | } \hline \text { Year } & \text { Cash Flow } , \$ & \text { Year } & \text { Cash Flow } , \$ \\\hline 0 &- 450,000 & 6 & 56,000 \\\hline 1 & 50,000 & 7 & 57,000 \\\hline 2 & 52,000 & 8 & 58,000 \\\hline 3 & 53,000 & 9 & 59,000 \\\hline 4 & 54,000 & 10 & 60,000 \\\hline 5 & 55,000 & 11 & 61,000 \\\hline\end{array}$$