Multiple Choice
Diamond Enterprises is considering a project that will produce cash inflows of $41,650 a year for three years followed by $49,000 in Year 4.What is the internal rate of return if the initial cost of the project is $219,000?
A) 9.43 percent
B) 8.29 percent
C) 7.81 percent
D) 8.42 percent
E) 7.55 percent
Correct Answer:
Verified
Correct Answer:
Verified
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