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A project will produce an operating cash flow of $15,000 a year for 8 years. The initial fixed asset investment in the project will be

A project will produce an operating cash flow of $15,000 a year for 8 years. The initial fixed asset investment in the project will be $50,000. The net aftertax salvage value is estimated at $37,500 and will be received during the last year of the project's life. What is the IRR? 31.22% 28.91% 30.07% 30.64% 29.49%

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