ite Corp. is considering a project that has the following cash flow data. What is the project's IRR?   Year 0     1   2   3   Cash flows −$1,100 $450 $470 $490 Group of answer choices 11.98%

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter10: The Basics Of Capital Budgeting: Evaluating Cash Flows
Section: Chapter Questions
Problem 23SP
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19.

Belgian Bite Corp. is considering a project that has the following cash flow data. What is the project's IRR?

 

Year

0    

1  

2  

3  

Cash flows

−$1,100

$450

$470

$490

Group of answer choices
11.98%
10.78%
14.64%
13.31%
9.70%
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