19. Use the following information for Questions 16 20. Please analyze the following project. All cash flows are in millions, they are assumed to be after-tax and they occur evenly over each year. The client requires a 20% rate of return.

The IRRs for this Project is:

Multiple Choice

The Project IRR is 15.65%

The Project IRR is 22.56%

The Project IRR is 27.52%

The Project IRR is 26.14%

Year Discounted Cash Flows O 1 Cash Flow -4,500 1,500 1,700 4,500 2 3 IRR NPV The IRRs for this project is