Question: Rochester Mobile is considering a project with an initial cost of $108,400. The project's cash inflows for years 1 through 3 are $35,200, $52,600, and

Rochester Mobile is considering a project with an initial cost of $108,400. The project's cash inflows for years 1 through 3 are $35,200, $52,600, and $46,900, respectively. What is the IRR of this project? Select one: a. 7.48 percent b. 8.22 percent 8.42 percent 15.56 percent e. 11.15 percent

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