(Answered) Need help figuring out how to solve for irr ive looked all

Finance

Need help figuring out how to solve for IRR. I've looked all over and seeing different ways to do it, however I'm not sure how to get the IRR %. I know that NPV is 0, but not sure how to calculate the rest.

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistic for the project are three and three and a half years, respectively.

Time 0 1 2 3 4 5

Cash flow -100,000 30,000 45,000 55,000 30,000 10,000

Use the IRR decision rule to evaluate this project; should it be accepted or rejected and why?

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