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easy way to calculate IRR? an initial cash outlay of Rs

Finance

easy way to calculate IRR? an initial cash outlay of Rs.2,000,000 and that can be borrowed @ 10% rate of interest. The project has the following estimated cash inflows at the end of each year for six years. Also find out the project to be selected based on IRR

Year

Cash Flows Project A

Cash Flows Project B

Cash Flows Project C

0.

-2000000

-2000000

-2000000

1.

450000

800000

625000

2.

550000

700000

625000

3.

650000

600000

625000

4.

750000

500000

625000

5.

750000

400000

625000

6.

800000

400000

625000

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IRR for project A = 21.15%

For project B = 20.83%

For project C = 21.57%

Since, the IRR of all three projects is higher than the interest rate (10%). So all three projects should be accepted.