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Shields Company has gathered the following data on a proposed investment project: Investment required in equipment Annual cash inflows Salvage value Life of the investment

Shields Company has gathered the following data on a proposed investment project: Investment required in equipment Annual cash inflows Salvage value Life of the investment Discount rate $400,000 $80,000 $0 ed 10 years 10% The internal rate of return on this inve tment is closest to: Multiple Choice 10% Thing 15%

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