Data Computer Systems is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the WACC (and even negative), in which case it will be rejected.
|
Year
|
0
|
1
|
2
|
3
|
|
Cash Flows
|
-$1,100
|
$450
|
$470
|
$490
|
a. 9.70%
b. 10.78%
c. 11.98%
d. 13.31%
e. 14.64%