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Indigo Company is contemplating an investment costing $189,390. The investment will have a life of 8 years with no salvage value and will produce annual

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Indigo Company is contemplating an investment costing $189,390. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $35,500 Click here to view PV tables What is the approximate internal rate of return associated with this investment?(Use the above table.) (Round answer to O decimal places, eg 15%) Internal rate of return

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