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A 30 Year Project Is Estimated to Cost $35 Million

Question 207

Multiple Choice

A 30 year project is estimated to cost $35 million dollars and provide annual cash flows of $5 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%

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