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Lux Company invested in a project that required a $10,000 initial investment. At a required rate of return of 8%, the project's NPV is $500.

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Lux Company invested in a project that required a $10,000 initial investment. At a required rate of return of 8%, the project's NPV is $500. The projects internal rate of return is: Less than 8% Equal to 8% Greater than 8% Not enough information is available to answer this

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