Calculate the IRR of a project that requires an initial cash outflow of $20,000.00 and will be sold at the end of year 5 for $15,000. The project produces the following cash flows: year 1) +$7,000; year 2) +$6,000; year 3)+$5,000; year 4)+$4,000; year 5) +$3,000. Cost of capital is 10%. 18. Calculate the IRR of a project that requires an initial cash outflow of $6,000.00 and will be sold at the end of year 5 for $2,000.00 The project produces the following cash flows: year 1)+$2,000; year 2) +$1,750; year 3 ) +$1,500; year 4)+$1,000; year 5)+$500.