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Billabong Tech uses the internal rate of return​ (IRR) to select projects. Calculate the IRR for...

Billabong Tech uses the internal rate of return​ (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure. Project​ T-Shirt requires an initial investment of ​$17,333 and generates cash inflows of ​$8,500 per year for 4 years. Project Board Shorts requires an initial investment of ​$26,500 and produces cash inflows of ​$13,500 per year for 5 years.

Thee IRR of the Project Terra is _____?____% Round to two decimal places

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