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A project has an initial cost of $190,000 and is estimated to produce cash flows...

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A project has an initial cost of $190,000 and is estimated to produce cash flows of $X at the end of each year for 9 years. If the internal rate of return for the project is 21.8% p.a. effective, calculate X (to the nearest dollar). a. $49874 b. $723829 c. $52196 d. $48116

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