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A Firm Is Considering a Project Requiring an Investment of £14,150

Question 56

Multiple Choice

A firm is considering a project requiring an investment of £14,150. The project would generate annual cash inflows of £3,300 per year for the next seven years. The approximate internal rate of return for the project is


A) 6%.
B) 8%.
C) 12%.
D) 14%.

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