Question: Need answered within the hour. BD Lean has identified two mutually exclusive projects with the following cash flows. Year 0 1 2 3 4 5

Need answered within the hour.

BD Lean has identified two mutually exclusive projects with the following cash flows.

Year 0 1 2 3 4 5
Cash Flow Project A -52,000.00 18,000.00 17,000.00 15,000.00 12,000.00 9,000.00
Cash Flow Project B -52,000.00 17,800.00 10,000.00 12,000.00 17,000.00 22,000.00
The company requires an 11.5% rate of return from projects of this risk. What is the IRR of project B?
a.

20.80%

b.

13.05%

c.

14.68%

d.

12.06%

e.

12.94%

f.

13.90%

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