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QUESTION
A company has a minimum required rate of return of 8% and is considereing investing in a project that costs $68,337 and is expected to generate cash...
A company has a minimum required rate of return of 8% and is considereing investing in a project that costs $68,337 and is expected to generate cash inflows of $27,000 each year for three years. The approximate internal rate of return on this project is
