Find IRR if the project has npv 20000 at discounted rate of 5% and a npv of -28000 at discounted rate of 10%.?

• project management courses
• higher purchase

Find IRR if the project has npv 20000 at discounted rate of 5% and a npv of -28000 at discounted rate of 10%.?


Can anyone know how to get the IRR since question only revealed 2 set of NPV and discounted rate value. Help and steps to resolve this question is appreciated. Ps: The textbook answer for this is IRR = 7.1%

Find IRR if the project has npv 20000 at discounted rate of 5% and a npv of -28000 at discounted rate of 10%.?