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Jenkintown Advertisement is evaluating a project that requires an initial investmen of $30,000 and offers expected cash flows of $10,000 in its first year, $15,000

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Jenkintown Advertisement is evaluating a project that requires an initial investmen of $30,000 and offers expected cash flows of $10,000 in its first year, $15,000 in i second year and $20,000 in its last year. If the firm's weighted average cost of capital is 9%, what is the project's internal rate of return? 9% 14.47% 23.38% 20.61%

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