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Use the Following Information to Answer the Question(s)below

Question 30

Multiple Choice

Use the following information to answer the question(s) below.
Nielson Motors is considering an opportunity that requires an investment of $1,000,000 today and will provide $250,000 one year from now,$450,000 two years from now,and $650,000 three years from now.
-The Internal Rate of return of this project is closest to:


A) 10.2%
B) 12.2%
C) 14.2%
D) 16.2%

Correct Answer:

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