Miller Brothers is considering a project that will produce cash inflows of $32,500, $38,470, $40,805, and $41,268 a year for the next four years, respectively.What is the internal rate of return if the initial cost of the project is $184,600?
A)7.39 percent
B)6.86 percent
C)6.47 percent
D)7.62 percent
E)6.24 percent

Question

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The Answer of Miller Brothers is considering a project that will produce cash inflows of $32,500, $38,470, $40,805, and $41,268 a year for the next four years, respectively.What is the internal rate of return if the initial cost of the project is $184,600?
A)7.39 percent
B)6.86 percent
C)6.47 percent
D)7.62 percent
E)6.24 percent

Miller Brothers Is Considering a Project That Will Produce Cash