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Assume the following information for Project X: Initial investment:$ 2 0 0 , 0 0 0 Annual after - tax cash flows: $ 3 8

Assume the following information for Project X:
Initial investment:$200,000
Annual after-tax cash flows: $38,840
Salvage value: $0
If the projects internal rate of return is 11.0%, what must be the life of the project (to the nearest year)?

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