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A project is estimated to cost $524,860 and provide annual net cash flows of $115,000...

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Accounting

A project is estimated to cost $524,860 and provide annual net cash flows of $115,000 for 7 years. Determine the internal rate of return for this project, using the Present Value of an Annuity table from Exhibit 5 on page 573 of your textbook.

A) 7%

B) 11.8%

C) 12.0%

D) 12.3%

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