Driscoll Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax)cash flows for three years. Calculate the IRR for the project.
A)14.5 percent
B)18.6 percent
C)20.2 percent
D)23.4 percent

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The Answer of Driscoll Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax)cash flows for three years. Calculate the IRR for the project.
A)14.5 percent
B)18.6 percent
C)20.2 percent
D)23.4 percent

Driscoll Company Is Considering Investing in a New Project