Given the Following Net Cash Flows, Determine the IRR of the Project

question 36

Multiple Choice

Given the following net cash flows, determine the IRR of the project: (to the nearest whole percent) $$\begin{array} { | c | c | } \hline \text { Time } & \text { Net Cash Flow } \\\hline 0 & \$ 1,520 \\\hline 1 & - \$ 1,000 \\\hline 2 & - \$ 1,500 \\\hline 3 & \$ 500 \\\hline\end{array}$$

• A)36%
• B)32%
• C)28%
• D)24%
• E)20%

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