(IRR of uneven cash-flow stream) Microwave Oven Programming, Inc. is considering

(IRR of uneven cash-flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $8 million, and will produce cash flows of $3 million at the end of year 1, $4 million at the end of year 2, and $2 million at the end of years 3 through 5. What is the internal rate of return on this new plant?
Year IRR cash flow0 $ (8,000,000.00)1 $ 3,000,000.002 $ 4,000,000.003 $ 2,000,000.004 $ 2,000,000.005 $ 2,000,000.0021%

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