Multiple Choice
A capital budgeting project has a net investment of $1,000,000 and is expected to generate net cash flows of $350,000 annually for 4 years. What is the internal rate of return?
A) 22.11%
B) 14.96%
C) 2.48%
D) 26.43%
Correct Answer:
Verified
Correct Answer:
Verified
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