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What is the internal rate of return of this project

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Question - For a project the initial investment is $50,000. For five years, at the end of each year, the investment generates $8,000 in the first year, $10,000 in the second year, $13,000 in the third year, 16,000 in the fourth year and $18,000 in the fifth year. What is the internal rate of return of this project?

A. 13.20%

B. 6.80%

C. 5.40%

D. 8.21%

Reference no: EM132988269

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