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Larson Company invested in a project that required an initial investment of $34,055 and returned cash inflows of $5,000 per year for 15 years. What

Larson Company invested in a project that required an initial investment of $34,055 and returned cash inflows of $5,000 per year for 15 years. What is the internal rate of return for this investment?

a. 8%.

b. 10%.

c. 12%.

d. 14%.

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