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Stephens Inc. is consider a project with the following information and assuming straight-line depreciation to zero, what is the IRR of this project? Initial investment

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Stephens Inc. is consider a project with the following information and assuming straight-line depreciation to zero, what is the IRR of this project? Initial investment = $6,000; life = 4 years, cost savings = 52,500 per year; salvage value = $2,000 in year 5; tax rate = 35%; discount rate = 10%. What is the IRR of the project? Select one: O a. 18.53% Ob 20.7096 O c.21.56% O d. 24.2396 e. None of the above

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