Question 2

"The FIN340 Company is evaluating a project with the following projected annual cash flows: (Period 0 (Start of Project): $-8,780,000, Period 1: $775,000, Period 2: 557,500, Period 3: $2,260,000, Period 4: $5,400,000, Period 5: $220,000) and our company has a WACC of 8.25% - Calculate the Internal Rate of Return (IRR) for this project."

		3.52%
		1.42%
		3.16%
		1.32%
		8.25%
		5.40%
		1.54%