Question: First Quality, Inc is investigating a project with a projected year 0 cost outflow of $325,000, with projected annual net cash flows of $84,250 in

First Quality, Inc is investigating a project with a projected year 0 cost outflow of $325,000, with projected annual net cash flows of $84,250 in Year 1, $93,450 in Year 2, $108,300 in Year 3 and $112,400 in Year 4. The company has a cost of capital of 9.5%. Compute the IRR of this project.

		A. 8.2%
		B. 7.6%
		C. 6.9%
		D. 10.4%
		E. 9.5%

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