An investment costs $3,500 today.This investment is expected to produce annual cash flows of $1,200, $1,400, $1,300 and $1,100, respectively, over the next four years.What is the internal rate of return on this investment?
A) 8.1%
B) 12.4%
C) 14.6%
D) 16.2%

Question

Quizplus · Accepted Answer

The Answer of An investment costs $3,500 today.This investment is expected to produce annual cash flows of $1,200, $1,400, $1,300 and $1,100, respectively, over the next four years.What is the internal rate of return on this investment?
A) 8.1%
B) 12.4%
C) 14.6%
D) 16.2%

An Investment Costs $3,500 Today