Question: Dice, Inc. is considering a project that has an initial outlay or cost of $120,000. The project's only expected cash inflow is to occur in

Dice, Inc. is considering a project that has an initial outlay or cost of $120,000. The project's only expected cash inflow is to occur in year 5 and be equal to $150,000. What is the IRR of this project?

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Part 1

A.

11.37%

B.

18.19%

C.

25.00%

D.

4.56%

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