Question: A projects initial outlay or cost is $4,000,000. The expected cash inflows from the project are estimated to be $1,486,988.85 per year for four years.

A projects initial outlay or cost is $4,000,000. The expected cash inflows from the project are estimated to be $1,486,988.85 per year for four years. The internal rate of return (to the nearest whose percent) is

A) 10%

B) 18%

C) 20%

D) 24%

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