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Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $20,000 the first year, $22,000

Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $20,000 the first year, $22,000 the second year, $25,000 the third year, -$8,000 the fourth year, $32,000 the fifth year, $38,000 the sixth year, $41,000 the seventh year, and -$6,000 the eighth year. The project would cost the firm $90,200. If the firm's cost of capital is 17%, what is the modified internal rate of return?

Question 29 options:

16.33%

13.78%

15.40%

13.25%

17.19%

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