Kizspy | Question: 33
(Choose 1 answer)
What is the internal rate of return on an investment with the following cash flows, if the required rate of return is
8 percent?
Year 0
1 2 -$78,100
3
+$34,500
+$22,140 +$46,800
Cash Flow
A. 8%
B. 12%
C. 15%
D. 19%
