QUESTION 17 The initial investment required for a project is $3,750. Roosters Roast Co. expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $700 $1,200 $2,100 $1,100 The appropriate discount rate for this project is 17%. The internal rate of return (IRR) for this project is closest to: O a. 12.29% b. 20.13% O c. 18.76% O d. 10.35% QUESTION 19 20 An investor is considering the two investments shown above. Her cost of capital is 8%. Which of the following statements about these investments is true? Time: 0 1 2 3 Investment A: -3.000 $1,550 $1.550 $1.550 Investment B: -3.000 $1.100 $1.600 $2.000 O a. The investor should take investment B since it has a greater net present value (NPV). b. The investor should take investment A since it has a greater internal rate of return (IRR). c. The investor should take investment A since it has a greater net present value (NPV). d. The investor should take investment B since it has a greater internal rate of return (IRR)