A Financing Project Has an Initial Cash Inflow of $42,000

Multiple Choice

A financing project has an initial cash inflow of $42,000 and cash flows of −$15,600,−$22,200,and −$18,000 for Years 1 to 3,respectively.The required rate of return is 13 percent.What is the internal rate of return? Should the project be accepted?

A) 15.26 percent; accept
B) 15.26 percent; reject
C) 13.44 percent; reject
D) 13.44 percent; accept
E) 10.33 percent; accept