Detailed Answer
Answer (D) is correct. The IRR can be calculated by equating the initial cash outlay with the present value of the net cash inflows: $50,000 = $7,791 (PV at i for 10 periods) $50,000 ÷ $7,791 = 6.418 Using a PV table, 6.418 is PV at 9% for 10 periods.