Rentz Recreation Inc.is considering a project that has the following cash flow data.What is the project's IRR? $\begin{array}{l}
\begin{array}{l}
\text { Year: } \
\text { Cash flows: }
\end{array}
\begin{array}{cccc}
0 & 1 & 2 & 3 & 4 \
\hline-\$ 650 & \$ 250 & \$ 230 & \$ 210 & \$ 190
\end{array}
\end{array}$
A)14.04%
B)15.44%
C)16.99%
D)18.69%

Question

Quizplus · Accepted Answer

IRR is the discount rate that makes the NPV of a project equal to zero. In this case, the IRR is 14.04%.

Rentz Recreation Inc A)1404% B)15

Rentz Recreation Inc A)1404%
B)15