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Your company is considering a capital project that will require a net initial investment of $249,972. The project is expected to have a 7-year life

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Your company is considering a capital project that will require a net initial investment of $249,972. The project is expected to have a 7-year life and will generate an annual net cash inflow of $43,200. Using the present value tables, what is the internal rate of return? (Round answers to decimal places, eg. 25.) Click here to view the factor table. Internal Rate of Return 5.79 %

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