What is the internal rate of return of a project that has


What is the internal rate of return of a project that has an initial outlay of $150,000 and net cash flows of $40,000 for 5 years?

a. Between 11% and 12%
b. Between 10% and 11%
c. Between 12% and 13%
d. Between 9% and 10%

 

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