Multiple Choice
Miller Brothers is considering a project that will produce cash inflows of $32,500, $38,470, $40,805, and $41,268 a year for the next four years, respectively.What is the internal rate of return if the initial cost of the project is $184,600?
A) 7.39 percent
B) 6.86 percent
C) 6.47 percent
D) 7.62 percent
E) 6.24 percent
Correct Answer:
Verified
Correct Answer:
Verified
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