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The initial capital investment of a project is (R132 000). Using a discount rate of 20% per annum, the present value of the annual operating

The initial capital investment of a project is (R132 000). Using a discount rate of 20%

per annum, the present value of the annual operating cash inflows is expected to total

R110 000. The internal rate of retum (IRR) of the project will be.

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