Multiple Choice
What is the internal rate of return on an investment that has an initial cost of $63,100 and projected cash inflows of $18,700,$38,600,and $34,100 for Years 1 to 3,respectively?
A) 11.86%
B) 12.37%
C) 20.08%
D) 13.92%
E) 19.10%
Correct Answer:
Verified
Correct Answer:
Verified
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