A project has an initial outlay of $4000.It has a single payoff at the end of year 4 of $6996.46.What is the IRR for the project (round to the nearest percent)?
A)16%
B)13%
C)21%
D)15%

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The Answer of A project has an initial outlay of $4000.It has a single payoff at the end of year 4 of $6996.46.What is the IRR for the project (round to the nearest percent)?
A)16%
B)13%
C)21%
D)15%

A Project Has an Initial Outlay of $4000