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:

Strict Performance

A legal principle requiring parties to a contract to perform their obligations precisely, without deviation from the contract terms.

Place of Delivery

The specific location agreed upon by the seller and the buyer where the goods will be delivered and ownership is transferred.

Warehouse

A large building where goods are stored before they are distributed for sale or further processing.

Express Mention

Specifically and clearly stated or detailed, often used to describe something that is explicitly referred to in a document or conversation.