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A project costs $101,000 today and is expected to generate cash flows of $31,000 per year for the next 15 years. At what rate is

A project costs $101,000 today and is expected to generate cash flows of $31,000 per year for the next 15 years. At what rate is the NPV equal to zero? A. 30.10 percent B. 29.83 percent C. 22.47 percent D. 31.38 percent

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