Glossimer Thread Company is evaluating an investment that will cost $760,000 and will yield cash inflows of $255,000 in the first year,$325,000 in the second year,and $380,000 in the third and the final year.Use the table below and determine the internal rate of return.
Present value of $1:
The IRR of the project will be ________.
A) between 10% and 11%
B) less than 11%
C) less than 10%,more than 11%
D) more than 11%
Correct Answer:
Verified
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