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A project has an initial cost of $ 4 0 0 , 0 0 0 and is estimated to produce cash flows of $ x

A project has an initial cost of $400,000 and is estimated to produce cash flows of $x at the end of each year for 7
years. If the internal rate of return for the project is 14.7% p.a. effective, calculate x(to the nearest dollar).
a. $88262
b. $104842
c. $1679254
d. $95280
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