Question: Urgent! Please help as soon as you can :) A project requires an initial capital expenditure at time t=0 of 1,766. It then generates constant
Urgent! Please help as soon as you can :)

A project requires an initial capital expenditure at time t=0 of 1,766. It then generates constant annual cash flows for the next 20 years of 450 with the first payment due at t=1. After this period, payments grow at a rate of 2% annually and are paid in perpetuity. The net present value of this project is 1,493 dollars at an annual discount rate of 14.0%. Given this, the IRR of the project is O a. less than 14.0% O b. greater than 14.0% O c. equal to 14.0% O d. not enough information e. there are multiple IRRs
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