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Scott, Inc. is planning to invest $120,000 in a ten-year project. Scott predicts that the annual cash flow from operations from this project will be

Scott, Inc. is planning to invest $120,000 in a ten-year project. Scott predicts that the annual cash flow from operations from this project will be $20,000. The internal rate of return on this investment is:

	a. between 10% and 11%
		b. less than 10%
		c. exactly 10%
		d. exactly 11%

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