Turner Enterprises Is Analyzing a Project That Is Expected to Have

question 20

Multiple Choice

Turner Enterprises is analyzing a project that is expected to have annual cash flows of $46,400,$51,300 and -$15,200 for Years 1 to 3,respectively.The initial cash outlay is $65,900 and the discount rate is 12 percent.What is the modified IRR?

• A)17.77%
• B)18.13%
• C)18.66%
• D)17.04%
• E)16.98%

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