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Due to the heavy demand for the LNG (Liquefied Natural Gas) tankers, the Hyunda Shipyard has received a contract from DET Inc., a European

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Due to the heavy demand for the LNG (Liquefied Natural Gas) tankers, the Hyunda Shipyard has received a contract from DET Inc., a European LNG transportation company, for building two 100,000 M tankers. Hyunda's cash flow throughout the 5 years contract period are summarized as follows: Year 0: receive $12 M upon contract signing Year 1: receive $12 M Year 2: disbursement of $40 M Year 3: disbursement of $40 M Year 4: receive $20 M Year 5: receive $40 M, project complete Find out all the positive IRR rates for this non-simple cash flow. 5.74% and 45.72% 5.74% and 58.51% 5.74% and 52.94% 5.74% and 63.47% 5.74% and 49.17%

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