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Kamila Company is considering whether to invest in a piece of equipment that requires an investment of $40,000 today. The project will provide net cash

Kamila Company is considering whether to invest in a piece of equipment that requires an investment of $40,000 today. The project will provide net cash inflows of $10,000 at the end of each year for five years, and it will have a salvage value of $12,000 at the end of five years. Calculate theinternal rate of return. Ignore income taxes.

7.93%

14.52%

9.16%

21.05%

83.36%

47.89%

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