Question: Tribal Council is evaluating a project that would require an initial investment of $67.000 today. The project is expected to produce annual cash flows of

Tribal Council is evaluating a project that would require an initial investment of $67.000 today. The project is expected to produce annual cash flows of $7.400 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? a. 11.04. (plus or minus 0.02 percentage points) b. 10.10 (plus or minus 0.02 percentage points) c. 12.19 (plus or minus 0.02 percentage points) d. 9.40 (plus or minus 0.02 percentage points) e. None of the above is within 0.02 percentage points of the correct

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