Your boss at Earth Mover wants you to estimate the IRR for a proposed project. The project requires an initial investment of $5.5 million and has expected cash inflows of $1.75 million at the end of each year for 6 years. What is the IRR? Answer a. 22.32% b. 23.01% c. 36.41% d. 30.81%

Your boss at Earth Mover wants you to estimate the IRR for a proposed project. The project requires an initial investment of $5.5 million and has expected cash inflows of $1.75 million at the end of each year for 6 years. What is the IRR?
Answer
a. 22.32%
b. 23.01%
c. 36.41%
d. 30.81%



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