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Assume that the NPV of the Hawker Aerospace project above equals -$301.19 when a discount rate of 13.50% is employed in the calculation. From the

Assume that the NPV of the Hawker Aerospace project above equals -$301.19 when a discount rate of 13.50% is employed in the calculation. From the choices below determine the answer closest to the Internal Rate of Return. Note: the correct choice will yield an NPV within + $5.00 of zero.

  1. 12.97%
  2. 13.47%
  3. 14.47%
  4. 15.47%
  5. 16.47%

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