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7. An investment project has net present values as follows: At a discount rate of 10% $3,200 positive At a discount rate of 16% $2,800

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7. An investment project has net present values as follows: At a discount rate of 10% $3,200 positive At a discount rate of 16% $2,800 negative Using the above figures, what is the BEST approximation of the internal rate of return of the investment project? A. 11.3% B. 11.2% C. 12.3% D. 13.2%

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