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Use the information in the table above for the following question. A capital investment project is estimated to have the following after tax cash flows,

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Use the information in the table above for the following question. A capital investment project is estimated to have the following after tax cash flows, by year: 0 1 2 3 4 -$,6000 $3,000 $1,700 $1,500 $3.000 The company utilizes a discount rate of 12% to evaluate capital projects. You may have rounding errors in your calculations so choose the closest answer. Assume cash flows occur evenly over the year. The NPV of the project is $1.008.03. What is the internal rate of return(IRR) for the project (You don't have to calculate anything. Use the idea of the relationship between NPV and IRR you have learned from the course.) 19.96 10.59 72103 11.219

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