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4. Fenwick Company is considering purchase of equipment that costs $60,000 and is expected to offer annual cash inflows of $16,000 for 5 years. Fenwick
4. Fenwick Company is considering purchase of equipment that costs $60,000 and is expected to offer annual cash inflows of $16,000 for 5 years. Fenwick Company's required rate of return is 10%. What is the internal rate of return of this investment project? A. 11.56% B. 26.67% C. 16.67% D. 11.00%
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