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A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $87045 and is expected to

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A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $87045 and is expected to generate cash inflows of $35000 each year for three years. The approximate internal rate of return on this project is less than the required 8% 895. 10% 11%

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