Question: A firm is considering a project which, after an initial investment of $1,000,000 in year zero is project to generate cash flows of $300,000, $550,000,

A firm is considering a project which, after an initial investment of $1,000,000 in year zero is project to generate cash flows of $300,000, $550,000, and $600,000 in years 1, 2, and 3, respectively. What would be the projects internal rate of return (the discount rate at which the project would have an NPV of zero)? A. -31.03% B. 18.80% C. 31.03% D. 45.00% E. 145.00% F. There is no IRR for this project (NPV must be positive)

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