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Determine the internal rate of return (IRR) to the nearest percent on a project with an initial outlay of $10,000 resulting in a cash flow
Determine the internal rate of return (IRR) to the nearest percent on a project with an initial outlay of $10,000 resulting in a cash flow of $3,000 at the end of year 1, $5,000 at the end of year 2, and $7,500 at the end of year 3.
a. | 31% | |
b. | 22% | |
c. | 13% | |
d. | 18% |
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