Use the following information to answer the question(s)below.
Nielson Motors is considering an opportunity that requires an investment of $1,000,000 today and will provide $250,000 one year from now,$450,000 two years from now,and $650,000 three years from now.
-The Internal Rate of return of this project is closest to:
A)10.2%
B)12.2%
C)14.2%
D)16.2%

Question

Quizplus · Accepted Answer

C)NPV = 0 = -1,000,000 + 250,000/(1.142)¹ + 450,000/(1.142)² + 650,000/(1.142)³

Use the Following Information to Answer the Question(s)below