Question $2$

$1$ pts

A firm is considering a project that is expected to generate monthly cash flows of $$26,000$ for the next $12$ years. The project requires an initial investment of $$1,960,543\mathrm{.}88.$ The cost of capital is $8\mathrm{.}44\%.$ What is the IRR of the project?

$13\mathrm{.}31\%$

$11\mathrm{.}72\%$

$12\mathrm{.}21\%$

$12\mathrm{.}94\%$

$11\mathrm{.}36\%$