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A project with an initial cost of $76,940 is expected to generate annual cash flows of $18,120 for the next 8 years. What is the

A project with an initial cost of $76,940 is expected to generate annual cash flows of $18,120 for the next 8 years. What is the project's internal rate of return?

15.04%

16.71%

15.87%

18.10%

18.57%

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