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QUESTION 16 Suppose we have a project with the following cash flows: t = 0 + = 1 t = 2 t = 3 -$1,000

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QUESTION 16 Suppose we have a project with the following cash flows: t = 0 + = 1 t = 2 t = 3 -$1,000 $250 $250 $250 += 4 $250 = 5 $250 t = 6 $350 The cost of capital for this project is 8.5%. What is the internal rate of return of the project? O A. 15% O B.23% O C. 35% O D.44% O E. 50%

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