Multiple Choice
An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital is 12%. Determine the internal rate of return for the project (to the nearest tenth of one percent) .
A) 12.0%
B) 12.6%
C) 3.6%
D) 12.4%
Correct Answer:
Verified
Correct Answer:
Verified
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