Calculating the irr


Problem:

NPV at 16% = $385,236(PVIFA16%, 5yrs) - 1,080,000
=    $385,236(3.2743) - 1,080,000
=    $181,378.23

EAA = $181,378.23/(PVIFA16%, 5yrs)
=    $181,378.23/3.2743
=    $55,394.51

How can I use above information to calculate the IRR?

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Finance Basics: Calculating the irr
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