Bellamy Company is considering the purchase of a computerized manufacturing system. The after-tax cash benefits/savings associated with the system are as follows: 
The system will cost $9,000,000 and will last ten years. The company's cost of capital is 12 percent.
Which of the following best describes the IRR for this project?
A) between 14 and 16%
B) between 12 and 14%
C) between 10 and 12%
D) between 8 and 10%
Correct Answer:
Verified
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