27. A project has the following cash flows. What is the internal rate of return?
Years Cash flow
-$46,800
11,260
18,220
15,950
13,560
A. 9.75 percent
B. 10.28 percent
C. 10.60 percent
D. 10.67 percent
E. 9.07 percent

answer; measurable outcome;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.