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Moe's Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, 34

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Moe's Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, 34 million the second, 55 million in the third year, and 56 m on per year for the final two years. If the required return is 10.8%, what is the IRR of the project? A 7,81% B 15 23 C. 8.43% D .11.95%

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