Lowell Communications, Inc

question 57

Multiple Choice

Lowell Communications, Inc., has been installing a fiber-optic network at a cost of $18 million. The firm expects annual cash flows of $3.7 million over the next 10 years. What is this project's internal rate of return? (Do not round intermediate computations. Round final answer to the nearest percent.)

• A) 10%
• B) 12%
• C) 14%
• D) 16%

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