Gold Miners Inc is considering an gold extraction project that requires an initial investment of $182,220 and will yield annual cash inflows of $60,000 for

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Gold Miners Inc is considering an gold extraction project that requires an initial investment of $182,220 and will yield annual cash inflows of $60,000 for four years. The company's minimum rate of return rate 14%. The internal rate of return for this project is % Present Value of an $1 12% 13% 14% n/i 15% 1 0.893 0.877 0.87 2. 0.797 0.756 0.885 0.783 0.693 0.613 0.769 0.675 3 0.712 0.658 0.572 4 0.636 0.592 5 0.567 0.543 0.519 0.497 Present Value of an Ordinary Annuity 12% 13% 14% 15% n/ 1 1 0.893 0.885 0.877 0.87 N 1.69 1.668 1.647 1.626 3 2.402 2.361 2.322 2.283 3 4 5 4 2.974 2.914 2.855 3.037 3.605 3.517 3.433 3.352

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