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Suppose a project costs $222,000 at start up, generates a cash flows of $560,000 in year one, and costs $350,000 in year 2. There are

Suppose a project costs $222,000 at start up, generates a cash flows of $560,000 in year one, and costs $350,000 in year 2. There are no cash flows after year 2.

What is the first (lowest) IRR of the project?

38 and 10 were not correct.

14.2083%

10.0000%

24.3125%

38.0439%

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