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An investment project has the following characteristicsthe

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Reference no: EM13567054

An investment project has the following characteristics:

Cost of equipment

$22,820

Annual cash inflows

$5,000

Internal rate of return

12%

The life of the equipment would be:

A) It is impossible to determine from the data given.

B) 7 years

C) 12 years

D) 4.56 years.

Reference no: EM13567054

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