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You are considering a project which has a set up cost of $4,895, and which yields $1,500, $2,000, and $2,500 at the end of the
You are considering a project which has a set up cost of $4,895, and which yields $1,500, $2,000, and $2,500 at the end of the first, second, and third years after set-up. What is the internal rate of return on this project?
a. | 5% | |
b. | 10% | |
c. | 15% | |
d. | None of these |
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