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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

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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) 13% B) 14% C) 16% D) 15% E) 17%

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