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15. Your company is considering a project with the following cash flows: Initial Outlay =$1,748.80 Cash Flows at the end of Year 16=$500 per annum

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15. Your company is considering a project with the following cash flows: Initial Outlay =$1,748.80 Cash Flows at the end of Year 16=$500 per annum Compute the internal rate of return on the project. a. 9% b. 24% c. 18% d. 11%

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