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A business invests $83,200 in a project that is expected to generate $20,000 in annual cash flows at the end of each of the next

A business invests $83,200 in a project that is expected to generate $20,000 in annual cash flows at the end of each of the next seven years. What is the internal rate of return on this project?

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12%

15%

20%

10%

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