A company is considering a project with the following characteristics Initial investment $20,000 Annual cash inflows for 10 years $3,686 per year The company's discount rate is 8 Which answer below is closest to the Internal Rate of Return for this project (Round to the nearest whole percent ) Group of answer choices

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A company is considering a project with the following characteristics: Initial investment: $20,000 Annual cash inflows for 10 years: $3,686 per year The company's discount

A company is considering a project with the following characteristics:

Initial investment: $20,000
Annual cash inflows for 10 years: $3,686 per year

The company's discount rate is 8%. Which answer below is closest to the Internal Rate of Return for this project? (Round to the nearest whole percent.)

Group of answer choices

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