The Steel Factory is considering a project that will produce annual cash flows of $43,800, $40,200, $46,200, and $41,800 over the next four years, respectively.What is the internal rate of return if the initial cost of the project is $127,900?
A) 13.00 percent
B) 10.19 percent
C) 11.28 percent
D) 12.24 percent
E) 12.83 percent
Correct Answer:
Verified
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