Multiple Choice
An investment costs $3,500 today. This investment is expected to produce annual cash flows of $1,200, $1,400, $1,300 and $1,100, respectively, over the next four years. What is the internal rate of return on this investment?
A) 16.2%.
B) 14.6%.
C) 8.1%.
D) 12.4%.
Correct Answer:
Verified
Correct Answer:
Verified
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