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You have the following information on a potential investment. Capital investment $900,000 Estimated useful life...

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Accounting

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You have the following information on a potential investment. Capital investment $900,000 Estimated useful life 6 years Estimated salvage value zero Estimated annual net cash inflow $213,000 Required rate of return 10% What is the internal rate of return on the investment (to the nearest percent)? 10% 11% 12% 9%

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