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Glossimer Thread Company is evaluating an investment that will cost S760,000 and will yield cash infiows of $255,000 in the first year, S325,000 in the

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Glossimer Thread Company is evaluating an investment that will cost S760,000 and will yield cash infiows of $255,000 in the first year, S325,000 in the second year, and S380,000 in the third and the final year. Use the table below and determine the internal rate of return, Present value of $1: 8% 9% 10% 11% 12% 1 0.926 0.917 0.909 0.901 0893 0.828 08120.797 2 0.857 0812 3 0.794 0772 0.751 0.731 0.712 4 0.735 0708 0,683 5 0881 0.659 0636 0.65 0.621 0.593 0567 The IRR af the project will be O A. more than 11% O B. less than 10 % , mare than 11% O C. less than 11% O D. between 10 % and 11 %

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