Given the following cash flows for a capital project, calculate the IRR using a financial calculator Year 0 1 2 3 4 5 Cash Flows ($50,467) $12,746 $14,426 $21,548 $8,580 $4,959 Year 0 1 2 3 4 5 Cash Flows ($50,467) $12,746 $14,426 $21,548 $8,580 $4,959 Solution Internal Rate of Return(IRR) is the rate at which the Net Present Value(NPV) of the project is zero NPV = 0 => -50467 + 12746/(1+IRR) + 14426/(1+IRR)^2 + 21548/(1+IRR)^3 + 8580/(1+IRR)^4 + 4959/(1+IRR)^5 IRR = 8.41% step1: enter cash flows into cash flows register by using [CF] key step2: once cash flows entered press [IRR] key , screen displays default valaue step3: press [CPT] key , screen will display value of IRR.