A firm is evaluating a project which will cost $$10,269$ today and provide cash flows in years $1,2,$ and $3$ of $$7,560,$ $$3,286,$ and $$3,268,$ respectively. The firm$$s discount rate is $8\%?$ What is the project's Internal Rate of Return $($IRR$)?$

Question $1$ Answer

a$.$

$15\mathrm{.}00\%$

b$.$

$18\mathrm{.}62\%$

c$.$

$19\mathrm{.}86\%$

d$.$

$20\mathrm{.}00\%$

e$.$

$21\mathrm{.}51\%$