Day Interiors is considering a project with the following cash flows.What is the IRR of this project? $$\begin{array} { c r }
\text { Year } & \text { Cash Flow } \
0 & - \$ 114,600 \
1 & 35,900 \
2 & 50,800 \
3 & 45,000
\end{array}$$
A)6.42 percent
B)7.03 percent
C)7.48 percent
D)8.22 percent
E)8.56 percent

Question

Day Interiors is considering a project with the following cash flows.What is the IRR of this project? $$\begin{array} { c r } 
\text { Year } & \text { Cash Flow } \
0 & - \$ 114,600 \
1 & 35,900 \
2 & 50,800 \
3 & 45,000
\end{array}$$
A)6.42 percent
B)7.03 percent
C)7.48 percent
D)8.22 percent
E)8.56 percent

Quizplus · Accepted Answer

The Answer of Day Interiors is considering a project with the following cash flows.What is the IRR of this project? $$\begin{array} { c r } 
\text { Year } & \text { Cash Flow } \
0 & - \$ 114,600 \
1 & 35,900 \
2 & 50,800 \
3 & 45,000
\end{array}$$
A)6.42 percent
B)7.03 percent
C)7.48 percent
D)8.22 percent
E)8.56 percent

Day Interiors Is Considering a Project with the Following Cash Year Cash Flow 0−$114,600135,900250,800345,000\begin{array} { c r } \text { Year } & \text { Cash Flow } \\0 & - \$ 114,600 \\1 & 35,900 \\2 & 50,800 \\3 & 45,000\end{array} Year 0123​ Cash Flow −$114,60035,90050,80045,000​

Day Interiors Is Considering a Project with the Following Cash $\begin{array} { c r } \text { Year } & \text { Cash Flow } \\0 & - \$ 114,600 \\1 & 35,900 \\2 & 50,800 \\3 & 45,000\end{array}$