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Project K costs $ 5 2 , 1 2 5 at time 0 , its expected cash inflows are $ 1 2 , 0 0

Project K costs $52,125 at time 0, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 12%. What is the project's IRR?
A)16%
B)17%
C)14%
D)15%
E)13%
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