Question: Siegmeyer Corp. is considering a new inventory system, Project A, that will cost $800,000. The system is expected to generate positive cash flows over the

Siegmeyer Corp. is considering a new inventory system, Project A, that will cost $800,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000
in year two, $400,000 in year three, and $200,000 in year four. Siegmeyer's required rate of return is 12%.
What is the internal rate of return of this project?
O 11.42%
O 16.57%
O 20.93%
O 23.12%

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