Builtrite, Inc., has been installing a fiber-optic network at a cost of $18 million. The firm expects annual cash flows of $3.2million over the next 10 years.

What is this project's internal rate of return? (Round to the nearest percent.)

O 10%

O 12%

O 14%

O 16%

Builtrite, inc, has been installing a fiber-optic network at a cost of $18 million, The firm expects annual cash flows of \$3.2million over the next 10 years. What is this project's internal rate of return? (Round to the nearest percent.) 105 12L 14 16K