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. 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 |
| 0 | Not Given |
| 1 | $46,000 |
| 2 | $46,000 |
| 3 | $53,000 |
| 4 | $53,000 |
| 5 | $53,000 |
| A. | 16.91 percent | |
| B. | 18.94 percent | |
| C. | 22.37 percent | |
| D. | 13.22 percent |
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