Miller Brothers Is Considering a Project That Will Produce Cash

Multiple Choice

Miller Brothers is considering a project that will produce cash inflows of $61,500,$72,800,$84,600,and $68,000 a year for the next four years,respectively.What is the internal rate of return if the initial cost of the project is $225,000?

A) 9.39 percent
B) 10.22 percent
C) 11.47 percent
D) 11.62 percent
E) 12.24 percent