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The following cash flows have been estimated over the useful life of a project with 10% required return; Co = -100,000 C1 = +20,000 C2

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The following cash flows have been estimated over the useful life of a project with 10% required return; Co = -100,000 C1 = +20,000 C2 = +30,000 C3 = -10,000 C4 = +60,000 When you use your financial calculator to approximate the Internal Rate of Return (IRR), you get IRR=15.61%. You should accept this project based on its IRR. True False

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