You require an IRR of 14% to accept a project. If the project will yield $10,000 per year for 10 years, what is the maximum amount that you would be willing to invest in the project?
A) Less than $50,000
B) More than $50,000 and less than $60,000
C) More than $60,000 and less than $70,000
D) More than $70,000
Correct Answer:
Verified
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