A project will generate annual cash flows of $237,600 for each of the next three years, and
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Question:
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $746,600. What is the internal rate of return of this project?
Multiple Choice
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10.60%
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11.26%
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9.93%
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11.92%
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12.91%
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