Peri Corporation is considering an investment opportunity with the following expected net cash inflows: Year 1,$260,000;Year 2,$340,000;Year 3,$390,000.The company uses a discount rate of 11%,and the initial cost of the investment is $770,000.
Present Value of $1:
The IRR of the project will be ________.
A) less than 11%
B) between 11% and 12%
C) between 12% and 13%
D) more than 11%
Correct Answer:
Verified
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