Please explain and show all work including equations.
Calculate the IRR for the project that has a $86,347 investment and the following returns. Should this project be undertaken if the MARR is 16%?
|
Year
|
1
|
2
|
3
|
4
|
|
Cash Flows
|
$34,762
|
$27,893
|
$20,674
|
$43,568
|