A Project Has the Following Cash Flows A)1323 Percent
B)13

Multiple Choice

A project has the following cash flows.What is the internal rate of return? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 33,800 \\\hline 1 & 12,360 \\\hline 2 & 14,680 \\\hline 3 & 16,710 \\\hline\end{array}$$

A) 13.23 percent
B) 13.58 percent
C) 12.96percent
D) 13.67 percent
E) 13.10 percent