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18. If the present value of future cash flows at discount rate 12% for project (A) is $20,557 this project has regular cash flows, the

18. If the present value of future cash flows at discount rate 12% for project (A) is $20,557 this project has regular cash flows, the life time for the project is 6 years and the initial cost is $20,000. Calculate the IRR for this project.

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