Question: Diamond Five Corp. is considering a project that has the following cash flow data. The initial cost will be $1000, the cash flows generated will

Diamond Five Corp. is considering a project that has the following cash flow data. The initial cost will be $1000, the cash flows generated will be $525 in the first year, $525 in the second year, and $425 in the third year. What is the project's IRR? Select one: a. 23.15% b. 13.87% c. 15.29% d. 16.21% e. 12.55%

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