Given the following annual net cash flows, determine the IRR to the nearest whole percent of a project with an initial outlay of $1,520.
YearNet Cash Flow
1$1,000
2$1,500
3$ 500
A. 48% B. 32% C. 28% D. 40%
Given the following annual net cash flows, determine the IRR to the nearest whole percent of a project with an initial outlay of $1,520.