1. XYZ is evaluating a project that would require an initial investment of $73,500.00 today. The project is expected to produce annual cash flows of $8,100.00 each year forever with the first annual cash flow expected in 1

year. The NPV of the project is $7,300.00. What is the IRR of the project?

O 12.24% (plus or minus 0.02 percentage points)

O 11.02% (plus or minus 0.02 percentage points)

O 10.02% (plus or minus 0.02 percentage points)

O 9.93% (plus or minus 0.02 percentage points)

O None of the above is within 0.02 percentage points of the correct answer