[单选题]

A company is considering entering into a joint venture that will require an investment of $10 million. The project is expected to generate cash flows of $4 million, $3 million, and $4 million in each of the next three years, respectively. Assuming a discount rate of 10%, what is the project's approximateIRR?

A.5%.

B.10%.

C.15%.

参考答案与解析:

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