Question: (5) Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can

 (5) Pet World is considering a project that has the following

(5) Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected. Year 0 2 3 4 5 1 $2,000 -$8,500 $2,025 $2,050 $2,075 $2,100 Cash flows a. 6.53% b. 5.31% c. 5.08% d. 6.47%

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