What is the project internal rate of return

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Project B requires an Initial (Year 0) Investment of $5,000,000; and will return $1,115,000 for each year of its five year useful life. What is the project's Internal Rate of Return?

a. 30.74%
b. 3.74%
c. 23.74%
d. 13.74%

 

Reference no: EM13276197

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