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Derrick Corporation's new project calls for an investment of $10,000. It has an estimated life of 10 years and an IRR of 15%. If cash

Derrick Corporation's new project calls for an investment of $10,000. It has an estimated life of 10 years and an IRR of 15%. If cash flows are evenly distributed, what is the annual cash flow each year? (Assume depreciation is a negligible amount.)

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