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Consider a five-year project that requires an initial investment of $22,000 and generates the following cashflows in the next five years: Year 1: $15,000 Year

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Consider a five-year project that requires an initial investment of $22,000 and generates the following cashflows in the next five years: Year 1: $15,000 Year 2:$15,000 Year 3:$15,000 Year 4: $15,000 Year 5: $41,000 Which statement is TRUE? It is not possible to answer this question This project only has one IRR equal to 9.34% This project only has one IRR equal to 24.88% This project has two IRRs: 24.88% and 9.34% This project has no IRR

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