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A. 16% B. 18% C. 14% D. 15% Acompany is considering an iron ore extraction project that requires an initial investment ot Sl and will

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A. 16% B. 18% C. 14% D. 15%

Acompany is considering an iron ore extraction project that requires an initial investment ot Sl and will yield annual cash inflows ot $534 283 tor three years. The company's discount rate is 9%. Calculate IRR. Present value ot ordinary annuity ot $1: 16% 0.862 1 605 2.246 2.798 18% 0.847 1_566 2174 2690 0.833 1.528 2.106 2.589 O o O o 2 3 4 A. B. c. D. 0.909 1736 2.487 3.170 12% 0.893 1 _690 2.402 3.037 0.877 1.647 2.322 2_914 15% 0.870 1.626 2.283 2.855

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