The Steel Factory is considering a project that will produce annual cash flows of $36,800,$45,500,$56,200,and $21,800 over the next four years,respectively.What is the internal rate of return if the initial cost of the project is $135,000?
A)7.56 percent
B)9.19 percent
C)11.28 percent
D)12.24 percent
E)12.83 percent

Question

Quizplus · Accepted Answer

The IRR is defined as the interest rate that makes the NPV equal zero.

The Steel Factory Is Considering a Project That Will Produce