Question: Use the table for the question(s) below. Consider a project with the following cash flows: Year Cash Flow 0 10,000 1 4000 2 4000 3
Use the table for the question(s) below.
Consider a project with the following cash flows:
| Year | Cash Flow |
| 0 | 10,000 |
| 1 | 4000 |
| 2 | 4000 |
| 3 | 4000 |
| 4 | 4000 |
Assume the appropriate discount rate for this project is 15%. The IRR for this project is closest to:
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Part 1
A.
22%
B.
15%
C.
21%
D.
60%
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