(Solution) - Determine to the nearest percent the IRR on the following -(2025 Original AI-Free Solution)

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Determine to the nearest percent the IRR on the following projects:
a. An initial outlay of $ 10,000 resulting in a free cash flow of $ 2,000 at the end of year 1, $ 5,000 at the end of year 2, and $ 8,000 at the end of year 3
b. An initial outlay of $ 10,000 resulting in a free cash flow of $ 8,000 at the end of year 1, $ 5,000 at the end of year 2, and $ 2,000 at the end of year 3
c. An initial outlay of $ 10,000 resulting in a free cash flow of $ 2,000 at the end of years 1 through 5 and $ 5,000 at the end of year 6