The Steel Factory Is Considering a Project That Will Produce

Multiple Choice

The Steel Factory is considering a project that will produce annual cash flows of $36,800,$45,500,$56,200,and $21,800 over the next four years,respectively.What is the internal rate of return if the initial cost of the project is $135,000?

A) 7.56 percent
B) 9.19 percent
C) 11.28 percent
D) 12.24 percent
E) 12.83 percent