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A company is considering a project with the following characteristics: Initial investment: $50,000 Annual cash inflows for 9 years: $10,100 per year The company's discount

A company is considering a project with the following characteristics:

Initial investment: $50,000
Annual cash inflows for 9 years: $10,100 per year

The company's discount rate is 10%.

Which answer below is closest to the Internal Rate of Return for this project?

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