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Ayayal Company is contemplating an investment costing $131,230. The investment will have a life of 8 years with no salvage value and will produce annual

Ayayal Company is contemplating an investment costing $131,230. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $25,500. Click here to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table. (Round answer to decimal places es. 15%) Internal rate of return %

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