Question: XYZ is evaluating a project that would last for 3 years. The project's internal rate of return is 8.90 percent; its NPV is $2,300; and

 XYZ is evaluating a project that would last for 3 years.

XYZ is evaluating a project that would last for 3 years. The project's internal rate of return is 8.90 percent; its NPV is $2,300; and the expected cash flows are presented in the table. What is X? Years from today Expected cash flow (in 5) -78,000 61,000 a. An amount less than $9,000 or an amount equal to or greater than $17,000 b. An amount equal to or greater than $9,000 but less than $11,000 c. An amount equal to or greater than $11,000 but less than $13,000 d. An amount equal to or greater than $13,000 but less than $15,000 e. An amount equal to or greater than $15,000 but less than $17,000

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