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Bramble Company is contemplating an investment costing $192.980. The investment will have a life of 8 years with no salvage value and will produce annual

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Bramble Company is contemplating an investment costing $192.980. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $37,500. Clickhere to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table) (Round answer to Odecimal places, es. 15\%) Internal rate of return

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