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What is the true IRR of the following project? Assume the firm would be able to reinvest the cash flows at a 7% rate of

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What is the true IRR of the following project? Assume the firm would be able to reinvest the cash flows at a 7% rate of return. Select one: a. 14.85% b. 15.32% c. 14.00% d. 14.21% e. 12% The correct answer is: 14.85%

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