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A project has the following cash flows: Project Year Cash Flow 0 -$3,000 1 1,000 2 1,000 3 1,000 4 1,000 Its cost of capital

A project has the following cash flows:

Project

Year Cash Flow

0 -$3,000

1 1,000

2 1,000

3 1,000

4 1,000

Its cost of capital is 10 percent. What is the projects Internal Rate of return?

a. 12%

b. 12.2%

c. 12.59%

d. 13%

f. 33%

e. None of the above

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