Tucker Corp A)1582%
B)16

question 113

Multiple Choice

Tucker Corp.is considering a project that has the following cash flow data.What is the project's IRR? $\begin{array}{l}\begin{array}{l}\text { Year: } \\\text { Cash flows: }\end{array}\begin{array}{cccc}0 & 1 & 2 & 3 \\\hline-\$ 1,000 & \$ 450 & \$ 450 & \$ 450\end{array}\end{array}$

• A)15.82%
• B)16.65%
• C)17.48%
• D)18.36%

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Definitions:

Commercial Activity

Economic activities centered around the buying, selling, and exchange of goods and services in the market.

National Government

The political authority that governs an entire nation, as opposed to local or regional governments.

U.S. Constitution

The supreme law of the United States, establishing the national government's framework and principles.

Tenth Amendment

An amendment to the U.S. Constitution stating that powers not delegated to the federal government are reserved to the states or the people.