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Project X has a cost of $53 847 and its expected net cash flows are $12 000 p.a. for the next eight years. What is

Project X has a cost of $53 847 and its expected net cash flows are $12 000 p.a. for the next eight years. What is the project's internal rate of return?

A.

13%

B.

12%

C.

15%

D.

9.5%

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