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GTO Incorporated is considering an investment costing $213,090 that results in net cash flows of $30,000 annually for 13 years. (PV of $1, FV

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GTO Incorporated is considering an investment costing $213,090 that results in net cash flows of $30,000 annually for 13 years. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) (a) What is the internal rate of return of this investment? (b) The hurdle rate is 11.5%. Should the company invest in this project on the basis of internal rate of return? a. Internal rate of return b. Should the company invest in this project on the basis of internal rate of return? %

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