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Tyrell Corporation is considering a project with the following cash flows (in millions of dollars): Year Cash Flow 0 ? 1 $2.0 2 $2.5 3

Tyrell Corporation is considering a project with the following cash flows (in millions of dollars): Year Cash Flow 0 ? 1 $2.0 2 $2.5 3 $3.0 4 $3.5 The project has a simple payback period of exactly two years. The project's cost of capital is 12 percent. What is the project's internal rate of return? Group of answer choices Less than 20% Greater than 40% Between 20 and 30% Cannot be determined with this information Between 30 and 40%

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