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A firm is considering investing in a 5 - year project that will cost $ 1 , 2 0 0 , 0 0 0 today.

A firm is considering investing in a 5-year project that will cost $1,200,000 today. Then the project will provide positive cash flows of $200,000 in years 1 and 2, $500,000 in years 3 and 4, and $100,000 in year 5. The firm has a WACC of 9.3%.
What is the Internal Rate of Return (IRR) of this Project?
Group of answer choices
0%
9.30%
10.00%
7.67%
12.50%
100%
300%
$300,000

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