Foster Industries Has a Project Which Has the Following Cash

question 186

Multiple Choice

Foster Industries has a project which has the following cash flows: What cash flow will the project have to generate in the fourth year in order for the project to have an internal rate of return of 15 percent?

• A) $15.55
• B) $58.95
• C) $100.25
• D) $103.10
• E) $150.75

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