The federal government is planning to clean up the Great Pacific Garbage patch. It will cost $2bn in the first year and then $1bn in the following year. The benefits of the clean-up will be greater marine life, valued at $2bn for 3 years after the clean-up. What is the internal rate of return approximately? $4bn 10% 30% 40%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The federal government is planning to clean up the
Great Pacific Garbage patch. It will cost $2bn in the
first year and then $1bn in the following year. The
benefits of the clean-up will be greater marine life,
valued at $2bn for 3 years after the clean-up. What is
the internal rate of return approximately?
$4bn
10%
30%
40%
Transcribed Image Text:The federal government is planning to clean up the Great Pacific Garbage patch. It will cost $2bn in the first year and then $1bn in the following year. The benefits of the clean-up will be greater marine life, valued at $2bn for 3 years after the clean-up. What is the internal rate of return approximately? $4bn 10% 30% 40%
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