Question: A project has the cash flows given in the table below. The project has required rate of return of 7.7 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 7.7 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 $56,000 2 $56,000 3 $56,000 4 $33,000 5 $33,000 O A. 18.94 percent B. 12.91 percent C. 14.58 percent O D. 22.37 percent

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