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An investment is expected to generate net operating cash inflows of $25,000 per year for each of the next 5 years. If the initial amount

An investment is expected to generate net operating cash inflows of $25,000 per year for each

of the next 5 years. If the initial amount invested is $101,000, which of the following is closest to

the internal rate of return?

A) 24.8%

B) 6.5%

C) 4.0%

D) 7.5%

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