Use the information given here to answer questions 32 and 33:

CoveAuklaOoglu, Inc. is considering a project which has net cash flows (the same as free cash flows) given below:

YearCF ($)

0-1,000 (Initial Outlay)

1500

2400

3300

4100

Garrod Dickens wants to calculate the IRR for the above project for CoveAuklaOoglu, Inc.His answer based on the cash flows given in the previous question would be:

(Points : 3)

11.8%

14.5%

12.45%

13.02%