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A project has an initial cost of $190,000 and is estimated to produce cash flows of $X at the end of each year for 8

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A project has an initial cost of $190,000 and is estimated to produce cash flows of $X at the end of each year for 8 years. If the internal rate of return for the project is 15.8% p.a. effective, calculate X (to the nearest dollar). Select one: a. $43461 b. $830630 c. $46770 d. $40959

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