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A company's current net operating income is company's required rate of return is 1 8 % . A new project being considered would require an

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A company's current net operating income is company's required rate of return is 18%. A new project being considered would require an investment of $15,000 and would generate annual net operating income of $3,000. What is the Internal Rate of Return IRR of the new project?
A.20.8%
IRR=
B.20%
C.($150)
D. $300
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