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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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