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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