Project C from the last problem costs $$10,000$ and returns $$15,000$ at end of year $3.$

Your WACC is $10\%.$ BUT, Project C can now be started again for another $$10,000$ outlay in year $4$ followed by another $$15,000$ three years later in year $7$ with the same expected returns. True$/$false$,$ the following equation provides an implicit solution to the IRR for this project.

NPV $=0=-16830\mathrm{.}13+15000/(1+$i$)3+15000/(1+$i$)7$