Use the Table for the Question(s)below

question 44

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 Beta is closest to:

• A)25.0%.
• B)22.7%.
• C)24.5%.
• D)22.2%.

---

Definitions:

Peter Salem

An African American patriot who served as a soldier during the American Revolutionary War, notably at the Battle of Bunker Hill.

Salem Poor

An African American Patriot who distinguished himself during the American Revolutionary War.

Battle of Bunker Hill

A significant early battle of the American Revolutionary War, fought near Boston in 1775, known for the high British casualties and the famous order, "Don't fire until you see the whites of their eyes."

Royal Governor

The representative of a monarch in colonial territories, responsible for governing in the interest of the crown.