Thompson Stores Is Considering a Project That Has the Following

question 51

Multiple Choice

Thompson Stores is considering a project that has the following cash flow data.What is the project's IRR?​​​ $\begin{array}{lccccccc}\text { Year: } & 0 & 1 & 2 & 3 & 4 & 5 & \\\text { Cash } & -\$ 1,000 & & \$ 300 & \$ 295 & \$ 290 & \$ 285 & \$ 270 \\\text { flows: } & & & & & &\end{array}$ ​​

• A)11.16%
• B)12.40%
• C)13.78%
• D)15.16%

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