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Simkins Renovations Inc  Year 01234 Cash flows $625$300$290$280$270\begin{array}{lccccc}\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & -\$ 625 & \$ 300 & \$ 290 & \$ 280 & \$ 270\end{array}

question 92

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 projected IRR can be less than the WACC (and even negative) ,in which case it will be rejected.  Year 01234 Cash flows $625$300$290$280$270\begin{array}{lccccc}\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & -\$ 625 & \$ 300 & \$ 290 & \$ 280 & \$ 270\end{array}
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