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You are offered an asset costing $1,200 that has cash ows of $200 at the end of each of the next 10 years. What is
You are offered an asset costing $1,200 that has cash ows of $200 at the end of each of the next 10 years. What is the IRR of the asset?
Multiple Choice
8%.
12%.
0.
5.56%.
10.56%.
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