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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

 

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 $15 M upon contract signing Year 1: receive $15 M Year 2: disbursement of $50 M Year 3: disbursement of $50 M Year 4: receive $20 M Year 5: receive $60 M, project complete Find out all the positive IRR rates for this non-simple cash flow. O 11.33% and 58.51% 11.33% and 45.72% O 11.33% and 42.94% O 11.33% and 51.17% O 11.33% and 63.47%

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