Starwood Inc. is investigating a project with the following cash flows and its cost of capital is 13%.
Year Cash Flow
0 -$34,000,000
1 $ 9,000,000
2 $ 9,000,000
3 $ 9,000,000
4 $ 9,000,000
5 $ 9,000,000
6 $ 9,000,000
7 $ 9,000,000
What is the internal rate of return (IRR) of this project?
Group of answer choices
18.84%
26.47%
15.57%
18.31%
9.21%
Ans 18.31%
the internal rate of return (IRR) of this project is 18.31%
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