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redesign, initial marketing, raw materials and other costs would be $8 million at time zero. The project is expected to generate ONLY ONE positive cash

redesign, initial marketing, raw materials and other costs would be $8 million at time zero. The project is expected to generate ONLY ONE positive cash flow of $20 million. Given the complexity of the project, the cars will not be ready until 6 years from now. Ford estimates that shareholders will require to earn 20% on investments such as this. What comes closest to the IRR on this project? 11.14% 16.50% 4.14% 18.77% 15.00

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