单选题
A project offers the following incremental after-tax cash flows:
| Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
| Cash flow（€） | -12,500 | 2,000 | 4,000 | 5,000 | 2,000 | 1,000 | 500 |
The IRR of the project is closest to:
【正确答案】
C
【答案解析】
C is correct. Enter the given cash flows into a financial calculator and solve for IRR.
CF0 = –12,500, CF1 = 2,000, CF2 = 4,000, CF3 = 5,000, CF4 = 2,000, CF5 = 1,000, and CF6 = 500.
Compute i.
The IRR is 5.46867%.
Alternatively, find the NPV of the given cash flows using the three possible answers.
