Question: Suppose a project costs $222,000 at start up, generates a cash flows of $560,000 in year one, and costs $350,000 in year 2. There are

Suppose a project costs $222,000 at start up, generates a cash flows of $560,000 in year one, and costs $350,000 in year 2. There are no cash flows after year 2. What is the first (lowest) IRR of the project?

a.14.2083% b.24.3125% c.10.0000% d.38.0439%

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