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Q2. Manuka International Co., is considering a development project that costs $3.8 million today and is expected to generate constant annual cash flow of $267,000

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Q2. Manuka International Co., is considering a development project that costs $3.8 million today and is expected to generate constant annual cash flow of $267,000 in perpetuity, with the first cash flow arriving in one year from today. What is the internal rate of return for this project? [2 marks]

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