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An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. Determine
An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. Determine the (Internal Rate of Return) IRR for the project. Note: round to the nearest tenth of the percentage.
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| A) 12.0% |
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| B) 3.6% |
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| C) 12.6% |
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| D) 12.4% |
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