Foster Industries has a project which has the following cash flows: Year Cash Flow 0 ($600.00) 1
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Question:
Year Cash Flow
0 ($600.00)
1 200.00
2 125.43
3 75.12
4 ?
What cash flow will the project have to generate in the fourth year in order for the project to have a 15% internal rate of return (IRR)?
A. $ 69.53
B. $318.15
C. $571.36
D. $281.85
E. $492.96
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