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12. Assume that you have the following information on a project: - The project will yield cash flows of $1500 per year forever, with the

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12. Assume that you have the following information on a project: - The project will yield cash flows of $1500 per year forever, with the first cash flow occurring one year from today. - The NPV of this project is $1450. - The required rate of return is 10.25%. What is the IRR (rounded to 2 decimal places) of this project? a. 11.38% b. 8.34% c. 15.91% d. 12.73% e. None of the answers listed above is within 0.10 points of the correct

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