If a project's IRR is 11%, the project provides annual cash flows of $29,000 for 3 years, how much did the project cost?
a. $70,868
b. $87,000
c. $94,254
d. $77,430
Ans: a. $70,868
Business
a. $70,868
b. $87,000
c. $94,254
d. $77,430
Ans: a. $70,868