Multiple Choice
A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in each of the three years. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
A) 20%
B) 21%
C) 22%
D) 23%
Correct Answer:
Verified
Correct Answer:
Verified
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