In: Accounting
Peri Corporation is considering an investment opportunity with the following expected net cash inflows: Year 1, $260,000; Year 2, $340,000; Year 3, $390,000. The company uses a discount rate of 11%, and the initial cost of the investment is $770,000.
The IRR of the project will be ________.
a |
between 11% and 12% |
b |
between 12% and 13% |
c |
more than 13% |
d |
less than 11% |