Simkins Renovations Inc

question 30

Multiple Choice

Simkins Renovations Inc.is considering a project that has the following cash flow data.What is the project's IRR? Note that a project's IRR can be less than the WACC (and even negative) , in which case it will be rejected.

• A)13.13%
• B)14.44%
• C)15.89%
• D)17.48%
• E)19.22%

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