Use the Table for the Question(s)below

question 10

Multiple Choice

Use the table for the question(s) below.
Consider the following two projects with cash flows in $:
-The internal rate of return (IRR) for project B is closest to:

• A)21.6%.
• B)23.3%.
• C)42.9%.
• D)7.7%.

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Definitions:

Price

The amount of money expected, required, or given in exchange for goods or services.

Area

A measure of the extent of a two-dimensional figure or shape in a plane.

Price

The amount of money required to purchase a good or service, determined by factors such as supply, demand, and production cost.

Surplus

The amount of a good that is available exceeds the quantity demanded at the current price.