Question 3
For the following cash flow, what is the rate of return
Incorrect
Mark 0.00 out of
10.00
Year
0
1
2
3
4
Expense, $
-15,000
-2,000
-2,000
-2,000
-2,000
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Revenue, $
0
5,000
5,500
6,000
12,000
Select one:
a. Less than 10%
b. Between 10% - 11% X
c. Between 11% - 12%
d. Grater than 12%
The correct answer is: Between 11% - 12%