Multiple Choice
Driscoll Company is considering investing in a new project.The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax) cash flows for three years.Calculate the IRR for the project.
A) 14.5%
B) 18.6%
C) 20.2%
D) 23.4%
Correct Answer:
Verified
Correct Answer:
Verified
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