Question: Find the expected rate of return using the three estimates provided in the table below for a project. Data Pessimistic Most Likely Optimistic First Cost,

Find the expected rate of return using the three estimates provided in the table below for a project.

Data Pessimistic Most Likely Optimistic
First Cost, $ 1,052 1,000 1000
Benefits / Year 190 198 200
Life , Years 9 12 12
Salvage Value 0 0 100

A.

11.93%

B.

16.33%

C.

13.17%

D.

14.20%

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