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The initial expenditure is equal to 1 000 000 000 $. The only positive cash flow will be equal to 1 065 000 000 $

The initial expenditure is equal to 1 000 000 000 $. The only positive cash flow will be equal to 1 065 000 000 $ in 15 years (at the beginning of the year). The internal rate of return will be equal to:

a.) 0.046%

b.)0.043%

c.)0.421%

d.)none of the above

e.)0.451%

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