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) 9.33%
C) 14.6%
D) 16.2%

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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) 9.33%
C) 14.6%
D) 16.2%

An Investment Costs $3,500 Today