Question: Ingrid Co. is considering a new inventory system that will cost $420,000. The system is expected to generate $150,000 in year one, $275,000 in year

Ingrid Co. is considering a new inventory system that will cost $420,000. The system is expected to generate $150,000 in year one, $275,000 in year two, $110,000 in year three, and $150,000 in year four. Ingrid's required rate of return is 10%. The internal rate of return (IRR) of this project is closest to__

16.35%

19.27%

24.13%

13.71%

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