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Finch corporation purchased as asset costing 10000 annual

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Finch Corporation purchased as asset costing $10,000. Annual operating cash inflows generated from the asset are expected to be $1,610.36 each year for eight years. No salvage value is expected at the end of the asset's useful life. Using the time value of money factor tables in your textbook, which of the following rates is closest to the internal rate of return (IRR) on the project?

Reference no: EM13573154

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