Find the project irr assuming monthly compounding, Microeconomics

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Find the project irr assuming monthly compounding

Problem: Wichita air balloon tours is considering buying 2 new balloons with an initial cost of $76,911 for both balloons. They estimate cash flows specifically related to the new balloon projects would be $10,982 in 16 months, $15,189 in 15 months, $11,755 in 27 months, $28,672 in 40 months, and 39,757 in 47 months when they sell the balloons. Find the project IRR assuming monthly compounding.

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Microeconomics: Find the project irr assuming monthly compounding

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