Matthew's Construction is considering a project that will cost $1.2 million to start. The project is expected to produce cash flows starting in year 2 of $269,000 a year for the following six years. What is the internal rate of return on this project?
A) 4.09%
B) 5.62%
C) 6.97%
D) 8.32%
E) 9.19%

Question

Quizplus · Accepted Answer

The Answer of Matthew's Construction is considering a project that will cost $1.2 million to start. The project is expected to produce cash flows starting in year 2 of $269,000 a year for the following six years. What is the internal rate of return on this project?
A) 4.09%
B) 5.62%
C) 6.97%
D) 8.32%
E) 9.19%

Matthew's Construction Is Considering a Project That Will Cost $1