Question: 16. Chapter b Multiple Choice 11-078, Section b Multiple Choice 11-078, Problem b Multiple Choice 11-078 Simms Corp. is considering a project that has the

16. Chapter b Multiple Choice 11-078, Section b Multiple Choice 11-078, Problem b Multiple Choice 11-078 Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.

Year 0 1 2 3 Cash flows -$1,025 $425 $425 $425 a. 10.82% b. 9.64% c. 11.29% d. 11.76% e. 12.58%

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