Wiley's Wire Products is considering a project that has the following cash flow. What is the project's true IRR if the firm would be able to reinvest the cash inflow and earn a return equal to 11%?
Year
|
0
|
1
|
2
|
3
|
Cash flows
|
-$800
|
$350
|
$350
|
$350
|
Select one:
a. 13.50%
b. 11.58%
c. 14.11%
d. 10.66%
e. 12.49%