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11) A project with an investment of $12,000 has net cash flows of $6,000, $5,000, 4,000, and $3,000 for each of the next four years.
11) A project with an investment of $12,000 has net cash flows of $6,000, $5,000, 4,000, and $3,000 for each of the next four years. Is 10 percent the internal rate of return for the project?
A. YES
B. NO
C. CANNOT DETERMINE
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