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Tourmaline Co. is considering a project that will produce cash inflows of $500,000 a year for five years followed by $160,000 a year for the

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Tourmaline Co. is considering a project that will produce cash inflows of $500,000 a year for five years followed by $160,000 a year for the following two years. What is the internal rate of return if the initial cost of the project is $2 million? O 11.19 percent O 15.48 percent 17.18 percent 13.72 percent

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