PariCorporation is planning a 20 year project with an initial investment of $10 million. The project will have $50,000 cash outflows per year in years 1-4; $300,000 cash inflows in years 5-15, and $15,000 cash inflows in years 16-20. Determine the projects rate of return.
A) -9.81%
B) -5.51%
C) -10.57%
D) 10.92%
Answer: A) -9.81%
Business
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