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An investment project has the followingcharacteristics:Cost of equipment ........... $22,820,Anual cash inflows ......... $5,000, Internal rate of return 12%The life of the equipment would be
An investment project has the followingcharacteristics:Cost of equipment ........... $22,820,Anual cash inflows ......... $5,000, Internal rate of return 12%The life of the equipment would be A) It is impossible to determine from the data given B) 7 years o C) 12 years D) 4.56 years. O
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