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Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces
Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces a single cash flow of $160 at the end of year 9? The required rate of return for the project is 10%.
a. | 4.81% | |
b. | 6.05% | |
c. | 3.99% | |
d. | 4.37% | |
e. | 5.36% |
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