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Concord Company is contemplating an investment costing $181,390. The investment will have a life of 8 years with no salvege value and will produce annual

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Concord Company is contemplating an investment costing $181,390. The investment will have a life of 8 years with no salvege value and will produce annual cash flows of $34.000 Clickhere to view PV tables What is the approximate internal rate of return associated with this investment? (Use the above table) (Round answer to 0 decimal ploces, es, 15\%) Internal rate of return

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