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A Project Has an Initial Outlay of $4,000

Question 58

Multiple Choice

A project has an initial outlay of $4,000. It has a single payoff at the end of Year 4 of $6,996.46. What is the IRR for the project (round to the nearest percent) ?


A) 16%
B) 13%
C) 21%
D) 15%

Correct Answer:

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