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Hari Corporation is planning a 20-year project with an initial investment of $19.9 million. The project will have $237,200 cash inflows per year in years
Hari Corporation is planning a 20-year project with an initial investment of $19.9 million. The project will have $237,200 cash inflows per year in years 1-4, $733,600 cash inflows per year in years 5-15, and $13,050 cash inflows per year in years 16-20. Determine the project internal rate of return (IRR).
a. -9.95%
b. 9.95%
c.-16.80%
d.-7.65%
e.7.65%
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