Question: 10. Siegmeyer Corp is considering a new inventory system, Project A will cost $800,000. The system is expected to generate positive cash flows over the

 10. Siegmeyer Corp is considering a new inventory system, Project A

10. Siegmeyer Corp is considering a new inventory system, Project A will cost $800,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $350,000 in year two, $400,000 in year three, and $200,000 in year four. Siegmeyer's required rate of return is 12%. What is the internal rate of return of this project? a) 11.42% b) 16.57% c) 20.93% d) 23.12%

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