Tuesday 12 June 2012

Aroma Candles, Inc. is evaluating a project with the following cash flows.

Aroma Candles, Inc. is evaluating a project with the following cash flows. Calculate the IRR of the project. (Round to the nearest whole percentage.) Year Cash Flows 0 ($120,000) 1 $ 30,000 2 $ 70,000 3 $ 90,000
a.18%
b. 23%
c. 28%
d. 33%

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