(Answered) A company is considering the purchase of a copier that

Finance

A company is considering the purchase of a copier that costs $5,000 Assume a cost of capital of 10 percent and the following cash flow schedule:

Year 1: $3,000
Year 2: $2,000
Year 3: $2,000

What is the project's IRR (approximately)?
A. 5%.
B. 20%.
C. 10%.
D. 15%.

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