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Suppose that a project with an initial investment of $30,000 has the following annual cash inflows Year 1 Year 2 Year 3 Year 4 Year

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Suppose that a project with an initial investment of $30,000 has the following annual cash inflows Year 1 Year 2 Year 3 Year 4 Year 5 Cash inflow $4,000 $3,500 $8,000 $12,000 $9,000 Using a financial calculator, the IRR for this project is: Select one: o a. 5.83% O b. 4.17% O c. 6.03 o d. 5.04 e. None of the above

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