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Finch Corporation purchased an asset costing 12,000. Annual operating cash inflows generated from the asset are expected to be 2,168 each year for eight years,
Finch Corporation purchased an asset costing 12,000. Annual operating cash inflows generated from the asset are expected to be 2,168 each year for eight years, No salvage value is expected at the end of the asset's life. Using time value of money tables, which f the fallowing rates is closest to the internal rate of return on the project:
a. 8%
b. 9%
c. 10%
d. 16%
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