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The Picasso Co. is evaluating a project estimated to cost $190,200 and provide annual cash inflows of $60,000 for the next 4 years. The companys
The Picasso Co. is evaluating a project estimated to cost $190,200 and provide annual cash inflows of $60,000 for the next 4 years. The companys cost of capital is 9%. What is the internal rate of return on the project? Group of answer choices 8% 9% 10% 11%
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