Turnbull Corp

question 21

Multiple Choice

Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent. What is the internal rate of return that Turnbull can earn on this project? (Do not round intermediate computations. Round final answer to the nearest percent.)

• A) 41%
• B) 42%
• C) 43%
• D) 44%

---

Definitions:

Cytokinin

A plant hormone involved in various aspects of plant growth and development, such as cell division and delay of senescence.

Naphthaleneacetic Acid

A synthetic plant hormone that mimics natural auxins, used to stimulate rooting and growth in plants.

Adenine

One of the four nucleotide bases in DNA and RNA, which pairs with thymine in DNA and uracil in RNA.

Apical Meristem

Region at the tip of a plant root or shoot where cells actively divide, contributing to the plant's growth in length.