Question: Consider the project described in the table below. What is the project's internal rate of return? Cost of Capital Rate 11% Time 0 1 2
Consider the project described in the table below. What is the project's internal rate of return?
Cost of Capital Rate 11%
Time 0 1 2 3 4
Cash Flows ($3,700) $2,100 $2,000 $1,900 $1,800
Select one:
a. 39.26% b. 37.67% c. 39.65% d. 40.84%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
