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A company has a minimum required rate of return of 8% and is considering investing in a project that costs $68,337 and is expected to
A company has a minimum required rate of return of 8% and is considering investing in a project that costs $68,337 and is expected to generate cash inflows of $27,000 each year for 3 years. The approximate internal rate of return on this project is
1)8%.
2)9%.
3)10%.
4)less than the required 8%.
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