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Apple Corporation is deciding whether to introduce a line of Apple branded refrigerators that are expected to have an initial development cost of $111.900. Apple

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Apple Corporation is deciding whether to introduce a line of Apple branded refrigerators that are expected to have an initial development cost of $111.900. Apple estimates that over the next 4 years, the new refrgerators will generate annual free cash flows of $39300, $47800, $58,500, and $24,000, respectively. What is the internal rate of return of this project? Multiple Choice 18.00 16.39% 19.66% 18.84% 17.48

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