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A company is considering an iron ore extraction project that requires an initial investment of $1, 200,000 and will yield annual cash flows of $534,

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A company is considering an iron ore extraction project that requires an initial investment of $1, 200,000 and will yield annual cash flows of $534, 283 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: A. 16% B. 18% C. 14% D. 15%

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