Spence Company Is Considering a Project That Has the Following

question 5

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 cost of capital 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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