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A project requires an initial investment of $10,000, will last for three years at the end of which it will return in net annual cash
A project requires an initial investment of $10,000, will last for three years at the end of which it will return in net annual cash flows $2,000; $4,000; and $6,000 respectively. If the company's cost of capital is 7.5%, then the internal rate of return for this project is:
A. 20%
B.8.21%
C. 151.56$
D. 12%
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