Question: 21
(Choose 1 answer)
Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23
million and is expected to generate cash flows of $14,000,000. $11,750,000. and $6,350,000 over the next three
years. The company's cost of capital is 20 percent. What is the internal rate of return on this project? (Do not
round intermediate computations. Round final answer to the nearest percent.)
A. 22%
B. 20%
C. 24%
D. 28%
