Question: Moe's Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, $4

  • Moe's Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, $4 million the second, $5 million in the third year, and $6 million per year for the final two years. If the required return is 10.8%, what is the IRR of the project?A.15.83%
  • B.8.43%
  • C.-11.85%
  • D.7.81%

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