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24. A firm is considering a project that is expected to generate annual cash flows of $18,000 for 12 years. The project requires an initial
24. A firm is considering a project that is expected to generate annual cash flows of $18,000 for 12 years. The project requires an initial investment of $138,433.76. The cost of capital is 7.71%. What is the IRR of the project?
7.84% |
7.08% |
7.00% |
7.61% |
8.14% |
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