This document contains calculations to determine the internal rate of return (TIR) of an investment project. It shows the cash flows over 5 years, including the initial investment amount, annual cash flows, and present value of each cash flow discounted at different rates. It then calculates the internal rate of return as 16.08%, the rate where the net present value equals 0. Charts are also included showing how the net present value changes as the discount rate is varied.