Spence Company Is Considering a Project That Has the Following

question 71

Multiple Choice

Spence Company is considering a project that has the following cash flow data.What is the project's IRR? Note that a project's IRR can be less than the WACC or negative,in both cases it will be rejected.

• A)14.05%
• B)15.61%
• C)17.34%
• D)19.27%
• E)21.20%

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