Multiple Choice
An investment project has an initial cost,and then generates inflows of $50 a year for the next five years.The project has a payback period of 3.6 years.What is the project's internal rate of return?
A) 11.18%
B) 12.05%
C) 13.47%
D) 14.66%
E) 15.89%
Correct Answer:
Verified
Correct Answer:
Verified
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