Question - Diamond Enterprises is considering a project that will produce cash inflows of $238,000 a year for three years followed by $149,000 in year four. What is the internal rate of return if the initial cost of the project is $749,000?
a. 3.43 percent
b. 4.29 percent
c. 5.81 percent
d. 6.32 percent
e. 7.55 percent