Thorley Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. Year 0 1 2 3 4 5 Cash flows -$1,100 $325 $325 $325 $325 $325 ?
A. 14.59%
B. 15.18%
C. 11.24%
D. 16.20%
E. 13.43%
Answer: A
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