Multiple Choice
A 30 year project is estimated to cost $35 million dollars and provide annual cash flows of $5 million per year in years 1-5; $4 million per year in years 6-20 and $2 million per year in years 21-30. Given this information, determine the IRR of the project.
A) 8.85%
B) 9.85%
C) 10.85%
D) 11.85%
E) 12.85%
Correct Answer:

Verified
Correct Answer:
Verified
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