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Hotaling Corporation is analyzing a capital expenditure that will involve a cash outlay of $180,810. Estimated cash flows are expected to be 30,000 annually for

Hotaling Corporation is analyzing a capital expenditure that will involve a cash outlay of $180,810. Estimated cash flows are expected to be 30,000 annually for seven years. The internal rate of return for this investment is:

A.

8%

B.

none of these

C.

5%

D.

6%

E.

7%

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