Peanut Co.is planning on investing in a new 2-year project, Project Jelly.Project Jelly is expected to produce cash flows of $100,000 and $120,000 in year 1 and year 2, respectively.Peanut requires an internal rate of return of 15%.What is the maximum amount that Peanut should invest immediately in Project Jelly? 
A) $191.400
B) $177,720
C) $220,000
D) $273,760
Correct Answer:
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