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Novak Company is cohtemplating an investment costing $168,810. The investment will have a life of 8 years with no salvage value and will produce annual

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Novak Company is cohtemplating an investment costing $168,810. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $30.500. Clickbere to view PV tables What is the approximate internal rate of return associated with this investment? (Use the above table) (Round answer to 0 decimal ploces, es. 158.) Internal rate of return

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