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Whitney Crane Inc. has the following independent investment opportunities for the coming year: Project Cost Annual Cash Flow Life (years) IRR A -10000 $11,800 1

Whitney Crane Inc. has the following independent investment opportunities for the coming year:

Project Cost Annual Cash Flow Life (years) IRR
A -10000 $11,800 1 18%
B -5000 $3,075 2 15%
C -12000 $5,796 3
D -3000 $1,009 4 13%

The IRR for Project C is:

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