Thorley Inc ?
A) 14

Multiple Choice

Thorley Inc.is considering a project that has the following cash flow data.What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative,in both cases it will be rejected. $$\begin{array} { l c c c c c c } \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Cash flows } & - \$ 1,100 & \$ 325 & \$ 325 & \$ 325 & \$ 325 & \$ 325\end{array}$$
?

A) 14.59%
B) 15.18%
C) 11.24%
D) 16.20%
E) 13.43%