Multiple Choice
A company is considering an iron ore extraction project which requires an initial investment of $1,000,000 and will yield annual cash flows of $350,263 for 4 years. The company's hurdle rate is 9%. Calculate IRR.
A) 15%
B) 18%
C) 12%
D) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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