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YEAR CASH FLOW 0 -59,000 1 12,000 2 24,000 3 22,000 4 13,000 Company Q is considering a project with the following cash flows.
YEAR CASH FLOW
0 -59,000
1 12,000
2 24,000
3 22,000
4 13,000
Company Q is considering a project with the following cash flows. Should this project be accepted based on its internal rate of return if the required return is 11 percent?
A. Yes; the project's rate of return is 9.36 percent
B. No; the project's rate of return is 13.08 percent
C. No; the project's rate of return is 7.78 percent
D. Yes; the project's rate of return is 7.78 percent
E. No; the project's rate of return is 9.36 percent
Year IRR Cash flow0 ($59,000)1 $12,0002 $24,0003 $22,0004 $13,0007.78%