Question: Question 6 XYZ is evaluating a project that would require an initial investment of $76,000 today. The project is expected to produce annual cash flows

 Question 6 XYZ is evaluating a project that would require an

Question 6 XYZ is evaluating a project that would require an initial investment of $76,000 today. The project is expected to produce annual cash flows of 57,400 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is 56,300. What is the IRR of the project? 8.99% (plus or minus 0.02 percentage points) 9.74% (plus or minus 0.02 percentage points) 10.62% (plus or minus 0.02 percentage points) 8.29% (plus or minus 0.02 percentage points) None of the above is within 0.02 percentage points of the correct

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