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Based on the following information: Net cash flow = R90 000 per year Useful life = 5 years Cost of capital = 8% Initial investment

Based on the following information:

Net cash flow = R90 000 per year

Useful life = 5 years

Cost of capital = 8%

Initial investment = R300 000 calculate the internal rate of return (IRR) of the project.

(a) 0 %

(b) 15.24 %

(c) 8.00 %

(d) 12.36%

(d) None of the above

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