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Pronghorn Company is contemplating an investment costing $162,100. The investment will have a life of 8 years with no salvage value and will produce annual

Pronghorn Company is contemplating an investment costing $162,100. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $31,500. Click here to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table) (Round answer to O decinal places,eg. 15\%)

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