Multiple Choice
The Dry Dock is considering a project with an initial cost of $107,400 and cash inflows for Years 1 to 3 of $37,200, $54,600, and $46,900, respectively. What is the IRR?
A) 12.62 percent
B) 13.41 percent
C) 14.48 percent
D) 13.22 percent
E) 14.56 percent
Correct Answer:
Verified
Correct Answer:
Verified
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