Find the internal rate of return


Problem:

Find the internal rate of return for the following series of cash flows. The initial outlay is $670,560. Explain comprehensively and also provide formulas and calculations.

Year 1: $182,317

Year 2: 141,519

Year 3: 130, 343

Year 4: 182,821

Year 5: 147,278

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Finance Basics: Find the internal rate of return
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