A Project Is Expected to Have Annual Cash Flows of $36,800,$24,600,and

question 18

Multiple Choice

A project is expected to have annual cash flows of $36,800,$24,600,and -$9,200 for Years 1 to 3,respectively.The initial cash outlay is $44,500 and the discount rate is 11 percent.What is the modified IRR?

• A)14.66%
• B)13.22%
• C)12.73%
• D)18.67%
• E)15.70%

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