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The following cash flow estimates have been developed for two small, mutually exclusive investment alternatives. The minimum attractive rate of return is 15% per year.

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The following cash flow estimates have been developed for two small, mutually exclusive investment alternatives. The minimum attractive rate of return is 15% per year. IRR of alternative 2 is closest to: A. 12% B. 15% C. 18% D. 20% E. 25% Formula used: _____

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