The cash flow of a project is given as follows:
Year | 0 | 1 | 2 | 3 | 4 |
Cash flow (Rs.) | -5000 | 15000 | 15000 | 20000 | 22500 |
The internal rate of return (IRR) in percent lies between
A. 15 and 16
B. 14 and 15
C. 16 and 17
D. 13 and 14
Answer: Option A
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