David Billings directs his team to complete an analysis by the end of the day. With upcoming busy season, he has determined that finishing this project soon is a prioirty. He is interested in what is the approximate IRR for a project that costs $50,000 and provides cash inflows of $20,000 for 3 years? PV of an Annuity of $1 Received Rate of Return at the End of 3 years 6% 2.673 8% 2.577 10% 2.487 12% 2.402

Multiple Choice

10%

22%

12%

27%