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2. (Chapter 8 , IRR)Suppose a project has initial investment $50,000, after that investor will receive $4,500 for 3 years. After year 3 , investor

image text in transcribed 2. (Chapter 8 , IRR)Suppose a project has initial investment $50,000, after that investor will receive $4,500 for 3 years. After year 3 , investor can sell this contract for $48,000. Based on that information, what is the IRR for this project? A) 7.76% B) 8.84% C) 6.25% D) 3.5%

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