Winters Corporation is considering a project that requires an initial investment of $750,000. The project will last 5 years and the equipment used in completing the project can be sold for $25,000. Annual depreciation on the equipment is $50,000. The project is expected to provide annual net cash inflows as follows: Winters Corporation's required rate of return is 12%. The internal rate of return of the project is:

A) Between 12 and 13%.

B) Between 13 and 14%.

C) Equal to 12%.

D) Cannot be determined from the given data.

3. Winters Corporation is considering a project that $750,000. The project will last 5 years and the equip can be sold for $25,000. Annual depreciation on the is expected to provide annual net cash inflows as fol Year 1 Year 2 Year 3 Year 4 Year 5 $ 300,000 $ 250,000 $ 200,000 $ 130,000 $100.000 $1,000,000 Winters Corporation's required rate of return is 12% The internal rate of return of the project is