Question: QUESTION 1 XYZ is evaluating a project that would require an initial investment of $74,700.00 today. The project is expected to produce annual cash flows

QUESTION 1 XYZ is evaluating a project that would require an

QUESTION 1 XYZ is evaluating a project that would require an initial investment of $74,700.00 today. The project is expected to produce annual cash flows of $9,000.00 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is $7,000.00. What is the IRR of the project? O 13.29% (plus or minus 0.02 percentage points) O 12.05% (plus or minus 0.02 percentage points) O 11.02% (plus or minus 0.02 percentage points) O 9.37% (plus or minus 0.02 percentage points) None of the above is within 0.02 percentage points of the correct

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