Multiple Choice
Use the following information to answer the question(s) below.
Nielson Motors is considering an opportunity that requires an investment of $1,000,000 today and will provide $250,000 one year from now,$450,000 two years from now,and $650,000 three years from now.
-The internal rate of return of this project is closest to:
A) 10.2%.
B) 12.2%.
C) 14.2%.
D) 16.2%.
Correct Answer:

Verified
Correct Answer:
Verified
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