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A company is considering a 5-year project. It plans to invest $60,000 now and it forecasts cash flows for each year of $16, 200. The

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A company is considering a 5-year project. It plans to invest $60,000 now and it forecasts cash flows for each year of $16, 200. The company requires a hurdle rate of 12%. Calculate the internal rate of return to determine whether it should accept this project. Selected factors for a present value of an annuity of 1 for five years are shown below

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