A project has an initial outlay of 4000 it has a single


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%

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Financial Management: A project has an initial outlay of 4000 it has a single
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