Question: 15. A company is considering a five-year project that has an initial cost of $120,000. The respective future cash inflows from its project for years
15. A company is considering a five-year project that has an initial cost of $120,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $60,000, $45,000, $35,000, $25,000, and $15,000. The company uses the internal rate of return method to evaluate projects. What is the project's internal rate of return? A) 19.80%. B) 17.86% C) 22.50% D) 25.50%
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