A Project Has the Following Cash Flows A)908 Percent
B)9

Multiple Choice

A project has the following cash flows.What is the internal rate of return? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 68,700 \\\hline 1 & 19,600 \\\hline 2 & 22,300 \\\hline 3 & 27,500 \\\hline 4 & 15,300 \\\hline\end{array}$$

A) 9.08 percent
B) 9.16 percent
C) 9.58 percent
D) 9.23 percent
E) 9.19 percent