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A project is expected to generate annual cash flows of $22,000 for 12 years. The project requires an initial investment of $159.782.69. The cost of

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A project is expected to generate annual cash flows of $22,000 for 12 years. The project requires an initial investment of $159.782.69. The cost of capital is 5.27% and the marginal tax rate is 25%. What is the IRR of the project? 9.50% 8.72% 8.02% 8.37% 9.2496

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