What is the internal rate of return for the following set of cash flows?Year Cash Flow0 -$60,0001 20,0002 20,0003 40,0004 40,000 Do not answer in excel format. Please give formula/handwritten or TI-84 calculator method

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.5C
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What is the internal rate of return for the following set of cash flows?
Year Cash Flow
0 -$60,000
1 20,000
2 20,000
3 40,000
4 40,000

Do not answer in excel format. Please give formula/handwritten or TI-84 calculator method

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