Question: A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present Value
A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present Value (NPV) of -$21,325.57. Calculate the project's internal rate of return (IRR). Year Cash Flow 0 Not Given 1 $246,000 2 $246,000 3 $253,000 4 $253,000 5 $253,000 Group of answer choices
11.45 percent
10.61 percent
16.91 percent
13.48 percent
17.22 percent
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