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MC Question 13
A company is evaluating an investment project with the following forecast cash flows:
| Year | 0 | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
| Cash flow ($m) | (6·5) | 2·4 | 3·1 | 2·1 | 1·8 |
Using discount rates of 15% and 20%, what is the internal rate of return of the investment project?
A. 15·8%
B. 17·2%
C. 17·8%
D. 19·4%