11. A three-year investment requires an initial outlay of £1,000. It is expected to provide three-year end cash flows of £200 plus a net salvage of £700 at the end of three years. Its internal rate of return (IRR) is closest to:
a) 10%
b)11%
c)20%

а) 10%     а) 10% а) 10% а) 10% а) 10% а) 10%