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The required rate of return = 12%. CFS CF2CF3CF4 $ 0 $ 0 $ 0 $1,700 Project Celtics Project Bruins Project Red Sox Project Patriots

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The required rate of return = 12%. CFS CF2CF3CF4 $ 0 $ 0 $ 0 $1,700 Project Celtics Project Bruins Project Red Sox Project Patriots CF ($ 1,000) ($35,000) ($ 6,200) ($31,000) CF $ 0 $38,850 $ 2,000 $15,000 $2,000 $15,000 $2,000 $15,000 $ 2,000 $15,000 $26,000) Which of the following comes closest to the IRR of Project Red Sox? Select one: O a. 7% O b.9% O c. 11% d. 13% O e. 15%

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