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Use the following table, Present Value of an Annuity of 1Period 8 % 9 % 10 % 10.9260.9170.90921.7831.7591.73632.5772.5312.487 A company has a minimum required rate

Use the following table,

Present Value of an Annuity of 1Period8%9%10%10.9260.9170.90921.7831.7591.73632.5772.5312.487

A company has a minimum required rate of return of8%. It is considering investing in a project that costs $354340and is expected to generate cash inflows of $140000each year for three years. The approximate internal rate of return on this project is

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