Diamond Enterprises is considering a project that will produce cash inflows of $41,650 a year for three years followed by $49,000 in Year 4.What is the internal rate of return if the initial cost of the project is $219,000?
A)9.43 percent
B)8.29 percent
C)7.81 percent
D)8.42 percent
E)7.55 percent

Question

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The Answer of Diamond Enterprises is considering a project that will produce cash inflows of $41,650 a year for three years followed by $49,000 in Year 4.What is the internal rate of return if the initial cost of the project is $219,000?
A)9.43 percent
B)8.29 percent
C)7.81 percent
D)8.42 percent
E)7.55 percent

Diamond Enterprises Is Considering a Project That Will Produce Cash