Use the information given here to answer questions 32 and 33: CoveAuklaOoglu, Inc. is considering a project which has net cash flows (the same as...

  Use the information given here to answer questions 32 and 33:

  CoveAuklaOoglu, Inc. is considering a project which has net cash flows (the same as free cash flows) given below: 

Year                      CF ($)

0                                             -1,000 (Initial Outlay)

1                                               500

2                                               400

3                                               300

4                                               100

  Garrod Dickens wants to calculate the IRR for the above project for CoveAuklaOoglu, Inc. His answer based on the cash flows given in the previous question would be:

(Points : 3)

       11.8%

       14.5%

       12.45%

       13.02%