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BAZ Hi-Tech Berhad is considering a project with an initial cash outlay of RM50,000. The expected net cash inflows from the project are RM7,791 for

BAZ Hi-Tech Berhad is considering a project with an initial cash outlay of RM50,000. The expected net cash inflows from the project are RM7,791 for each of 10 years. What is the internal rate of return (IRR) of the project?

A. 9%

B. 7%

C. 6%

D. 8%

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