Question: Rochester Mobile is considering a project with an initial cost of $850,000. The project's cash inflows for years.1 through 3 are $144,200, $353,600, and $576,900,

Rochester Mobile is considering a project with an initial cost of $850,000. The project's cash inflows for years.1 through 3 are $144,200, $353,600, and $576,900, respectively. What is the IRR of this project? Select one: a. 11.58 percent b. 9.22 percent c. 10.37 percent d. 7.96 percent e. 8.75 percent

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