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Manuka International Co., is considering a development project that costs $3.8 million today and is expected to generate.Constant annual cash flow of $267,000 in perpetuity,

Manuka International Co., is considering a development project that costs $3.8 million today and is expected to generate.Constant annual cash flow of $267,000 in perpetuity, with the first cash flow arriving in one year from today.

What is the internal rate of return for this project?

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