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please add each step to get answer 12. Assume that you have the following information on a project: - The project will yield cash flows
please add each step to get answer
12. Assume that you have the following information on a project: - The project will yield cash flows of $2000 per year forever, with the first cash flow occurring one year from today. - The NPV of this project is $1000. - The required rate of return is 14.00%. What is the IRR (rounded to 2 decimal places) of this project? a. 19.71% b. 8.34% c. 15.05% d. 12.73% e. None of the answers listed above is within 0.10 points of the correct Step by Step Solution
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