Question: A project has the cash flows given in the table below. The project has required rate of return of 12 percent and Net Present Value

 A project has the cash flows given in the table below.

A project has the cash flows given in the table below. The project has required rate of return of 12 percent and Net Present Value (NPV) of $27,800.78. Calculate the project's internal rate of return (IRR) Year Cash Flow Not Given 1 $46,000 2 $46,000 3 $53,000 4 $53,000 5 $53,000 A. 13.22 percent B. 18.94 percent C. 16.91 percent D. 22.37 percent

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