Given the following annual net cash flows, determine the internal rate of return to the nearest whole percent of a project with an initial outlay of $750,000.
YEAR NET______________CASH FLOW
1………………………………….$500,000
2………………………………….$150,000
3………………………………….$250,000

a) 9%

b) 11%

c) 13%

d) 15%

Answer rating: 100% (QA)

b 11 Explanation Given the following annual net cash flows determine the internal rate of ... View the full answer