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A project has an initial cost of $280,000 and is estimated to produce cash flows of $X at the end of each year for 8
A project has an initial cost of $280,000 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 14.3% p.a. effective, calculate X (to the nearest dollar).
a.
$60968
b.
$1285914
c.
$65893
d.
$57226
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