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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 $534283 for

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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 $534283 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1 10% 12% 15% 16% 18% 201 1 0.000 0.893 0.877 0870 0 382 0847 0.833 2 1.738 1.690 1547 1626 1.605 1566 1528 3 2.487 2.402 2322 2283 2246 2174 2.106 4 3.170 2.914 2855 2.798 2.890 2.500 O A 18% OB 14% OC 16% OD 15%

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