A project has an initial outlay of $4,000 - 3113

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Request Description

A project has an initial outlay of $4,000. It has a single payoff at the end of Year 4 of $6,996.46. What is the IRR for the project (round to the nearest percent)?

a. 16%

b. 13%

c. 21%

d. 15%

 
Solution Description

A project has an initial outlay of $4,000. It has a single