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A proposed project is expected to generate returns of $50,000 per year for each of...

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Accounting

A proposed project is expected to generate returns of $50,000 per year for each of the next four years. If the project will cost $145,685 and taxes are ignored, what is the internal rate of return?

Less than 10%

More than 16%

11%

14%

Answer & Explanation Solved by verified expert
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