Answer:
The internal rate of return is 13.07%
Explanation:
The computation of the internal rate of return is shown below:
Year Cash Flow
0 -$15,500
1 $6,200
2 $7,500
3 $6,000
Now use the IRR formula in excel
= IRR()
After applying it, the internal rate of return is 13.07%
And, the same is to be considered