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A project has the cash flows given in the table below. The project has required rate of return of 12 percent and Net Present Value
A project has the cash flows given in the table below. The project has required rate of return of 12 percent and Net Present Value (NPV) of $27,800.78. Calculate the project's internal rate of return (IRR).
Year | Cash Flow |
0 | Not Given |
1 | $46,000 |
2 | $46,000 |
3 | $53,000 |
4 | $53,000 |
5 | $53,000 |
A. | 16.91 percent | |
B. | 18.94 percent | |
C. | 22.37 percent | |
D. | 13.22 percent |
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