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12. Initial Outlay Cash Flow in Period 1 2 3 4 - inital outlayis $4,000 period 1 is $1,546.17 period 2 is $1,546.17 period 3

12. Initial Outlay Cash Flow in Period

1 2 3 4 - inital outlayis $4,000 period 1 is $1,546.17 period 2 is $1,546.17 period 3 is $1,546.17 period 4 is $1,546.17 The IRR (to the nearest whole percent) is

A) 10%. B) 18%. C) 20%. D) 16%.

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