Determine the ROR for a Project That Has an Initial

Multiple Choice

Determine the ROR for a project that has an initial cost of $82,000 and would provide positive cash flows of $12,000 the first year, $14,000 the second year, $16,000 the third year, $18,000 the fourth year, $20,000 the fifth year, and $15,000 the sixth year.

A) 4.12%
B) 2.78%
C) 4.95%
D) 4.49%