Question $2$

$1$ pts

A firm is considering a project that is expected to generate daily cash flows of $$26,000$ for the next $17$ years. The project requires an initial investment of $$71,593,594\mathrm{.}21.$ The cost of capital is $8\mathrm{.}49\%.$ What is the IRR of the project?

$11\mathrm{.}89\%$

$10\mathrm{.}64\%$

$12\mathrm{.}00\%$

$11\mathrm{.}32\%$

$10\mathrm{.}19\%$