Pari Corporation is planning a 20 year project with an initial investment of $10 million.The project will have $50,000 cash outflows per year in years 1-4; $300,000 cash inflows in years 5-15, and $15,000 cash inflows in years 16-20.Determine the projects rate of return.
A) -10.57%
B) -9.81%
C) -5.51%
D) 10.92%
Correct Answer:
Verified
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