Question: Consider the following two projects: Project Year 0 Cash Flow Year 1 Cash Flow Year 2 Cash Flow Year 3 Cash Flow Year 4 Cash

Consider the following two projects: Project Year 0 Cash Flow Year 1 Cash Flow Year 2 Cash Flow Year 3 Cash Flow Year 4 Cash Flow Discount Rate A -100 40 50 60 0 .15 B -73 30 30 30 30 .15 The internal rate of return (IRR) for project A is closest to: Group of answer choices 7.7% 21.6% 23.3% 42.9%

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