The ID Project Will Cost $8,500,000 and Is Expected to Produce

question 29

Multiple Choice

The ID project will cost $8,500,000 and is expected to produce cash flows of $2 million, $2.5 million, $3 million, and $3.5 million at the end of each of the following four years. Calculate
The project's IRR to the nearest tenth of a percent.

• A)10.1%
• B)11.4%
• C)11.0%
• D)12.3%

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