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URGENT HELP Grouper Company is contemplating an investment costing $146,660. The investment will have a...

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Accounting

URGENT HELP

Grouper Company is contemplating an investment costing $146,660. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $28,500. Click here to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table.) (Round answer to 0 decimal places, e.g. 15%.) Internal rate of return %?

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