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17. What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years

17. What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years of its two-year life; and a salvage value of $800 at the end of the second year in addition to the $1,500 cash flow? (rounded to the nearest percentage) a. 13% b. 15% c. 16% d. 19%

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