Suppose your venture's expected mean cash flows are $85,000) initially, followed by expected mean cash flows at the end of the first, second, and third years of $40,000, $40,000, and $35,000. What is the internal rate of return?
A) 13.9%
B) 14.7%
C) 16.2%
D) 17.2%
E) 19.2%
Correct Answer:
Verified
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