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Mining Corporation is considering an investment in a project that will have a two- year life. The project will provide an 8% Internal rate of

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Mining Corporation is considering an investment in a project that will have a two- year life. The project will provide an 8% Internal rate of return and is expected to have a $40,000 cash'inflow in the first year and a $50,000 cash inflow in the second year. What is the required Initiat investment for this project? $79.890 580,560 8 8200

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