Question: QUESTION 19 Tribal Council is evaluating a project that would require an initial investment of $67,000 today. The project is expected to produce annual cash

QUESTION 19 Tribal Council is evaluating a project that would require an initial investment of $67,000 today. The project is expected to produce annual cash flows of $6,300 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is 57,400. What is the IRR of the project? a. 8.47% (plus or minus 0.02 percentage points) b. 10.57(plus or minus 0.02 percentage points) c. 9.40 (plus or minus 0.02 percentage points) d. 11.04%(plus or minus 0.02 percentage points) e. None of the above is within 0.02 percentage points of the correct

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