Driscoll Company is considering investing in a new project.The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax)cash flows for three years.Calculate the IRR for the project.
A)14.5%
B)18.6%
C)20.2%
D)23.4%

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The Answer of Driscoll Company is considering investing in a new project.The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax)cash flows for three years.Calculate the IRR for the project.
A)14.5%
B)18.6%
C)20.2%
D)23.4%

Driscoll Company Is Considering Investing in a New Project