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A project with an initial cost of $51,050 is expected to generate annual cash flows of $16,470 for the next 5 years. What is the

A project with an initial cost of $51,050 is expected to generate annual cash flows of $16,470 for the next 5 years. What is the project's internal rate of return?

a. 19.93%

b. 16.55%

c. 17.47%

d. 18.39%

e. 20.44%

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