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A project has an initial cost of $ 3 8 0 , 0 0 0 and is estimated to produce cash flows of $X at

A project has an initial cost of $380,000 and is estimated to produce cash flows of $X at the end of each year for 6 years. If the internal rate of return for the project is 21.6% p.a. effective, calculate X (to the nearest dollar).
Question 14Answer
a.
$110081
b.
$131565
c.
$118838
d.
$1215097

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