Find internal rate of return for project for single payoff


A project has an initial outla of $4,000. it has a singlepayoff at the end of the year 4 of $6,996.46. What is the internal rate of return for the project (round tothe nearest %) 

1)0.13

2)0.15

3)0.16

4)0.21

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Finance Basics: Find internal rate of return for project for single payoff
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