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Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces

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Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces a single cash flow of $160 at the end of year 11? The required rate of return for the project is 13%. a. 4.81% b. 6.05% c. 4.37% d. 5.36% e. 3.99%

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