QUESTION 12\ Consider a project that costs

$219,000

today and is expected to earn

$382,000

after 6 years. There are no other cash flows. Cost of capital is

9.4%

. What is th project's internal rate of return?\ a.

11.0%

\ b.

6.9%

\ c.

9.7%

\ d.

13.4%

\ e.

15.7%

Consider a project that costs $219,000 today and is expected to earn $382,000 after 6 years. There are no other cash flows. Cost of capital is 9.4%. What is th project's internal rate of return? a. 11.0% b. 6.9% c. 9.7% d. 13.4% e. 15.7%