What is project IRR?

A) 4.27%

B) 3.57%

C) 5.23%

D)18.00%

Fad product - Part 1: Revenues generated by a new fad product are forecast as follows: Expenses are expected to be 50% of revenues, and working capital required in each year is expected to be 10% of revenues in the following year. The product requires an immediate investment of $50,000 in plant and equipment