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A capital budgeting project has a net investment of $1,300,000 and is expected to generate net cash flows of $325,000 annually for 10 years. What

A capital budgeting project has a net investment of $1,300,000 and is expected to generate net cash flows of $325,000 annually for 10 years. What is the internal rate of return?

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26.53%

23.96%

31.12%

21.40%

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