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A project has the following cash inflows $34,444; $39,877; $25,000; and $52,800 for years 1 through 4, respectively. The initial cash outflow is $104,000. Which

A project has the following cash inflows $34,444; $39,877; $25,000; and $52,800 for years 1 through 4, respectively. The initial cash outflow is $104,000. Which of the following four statements is correct concerning the project internal rate of return (IRR)?

The IRR is greater than or equal to 10%, but less than 14%.

The IRR is greater than or equal to 14%, but less than 18%.

The IRR is greater than or equal to 18%

The IRR is less than 10%.

A project has the following cash inflows $34,444; $39,877; $25,000; and $52,800 for years 1 through 4, respectively. The initial cash outflow is $104,000. Which of the following four statements is correct concerning the project internal rate of return (IRR)?

A)The IRR is greater than or equal to 10%, but less than 14%.

B)The IRR is greater than or equal to 14%, but less than 18%.

C)The IRR is greater than or equal to 18%

D)The IRR is less than 10%.

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