In order to calculate the IRR of a project, one shall use excel
to get an accurate and correct figure:
| Year | Cash flow |
| 0 | $ (55,939.28) |
| 1 | $ 13,000.00 |
| 2 | $ 13,000.00 |
| 3 | $ 13,000.00 |
| 4 | $ 13,000.00 |
| 5 | $ 13,000.00 |
| 6 | $ 13,000.00 |
| 7 | $ 13,000.00 |
| 8 | $ 13,000.00 |
| 9 | $ 13,000.00 |
| IRR | 18.00% |
This project shall have a single IRR because there is only one negative cash flow at the beginning.

Check My Work 11-3: Internal Rate of Return (IRR) IRR Project K costs $55,939.28, its expected...
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