Kiley Electronics is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.
Year0
1
2
3
Cash flows?$1,100
$450
$470
$490
A. 9.70%
B. 10.78%
C. 11.98%
D. 13.31%
E. 14.64%
Answer: D
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What will be an ideal response?
Under US law, third parties may not sue the principal for the actions of his agent
Indicate whether the statement is true or false