An investment project requires an initial outlay of $100,000, and is expected to generate annual...
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Accounting
An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. Determine the (Internal Rate of Return) IRR for the project. Note: round to the nearest tenth of the percentage.
A) 12.0%
B) 3.6%
C) 12.6%
D) 12.4%
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