Multiple Choice
Muscle Company is investing in a giant crane. It is expected to cost $6.5 million in initial investment, and it is expected to generate an end-of-year cash flow of $3.0 million each year for three years. Calculate the IRR.
A) 14.6 percent
B) 16.4 percent
C) 18.2 percent
D) 22.1 percent
Correct Answer:
Verified
Correct Answer:
Verified
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