A project requires no initial investment. It costs $4 000 a year from now and earns $8 000 two years from now. What is its internal rate of return?
A)24%
B)50%
C)75%
D)100%
E)141%

Question

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The Answer of A project requires no initial investment. It costs $4 000 a year from now and earns $8 000 two years from now. What is its internal rate of return?
A)24%
B)50%
C)75%
D)100%
E)141%

A Project Requires No Initial Investment