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Find informatwhat is the approximate internal rate of return

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problem 1: The Information Technology Club, Inc. is considering an investment that requires P20,000 and promises to return P28,090 in 3 years. The company's income tax rate is 40 percent. What is the approximate internal rate of return?

Group of answer choices

Option 1: 12 percent

Option 2: 15 percent

Option 3: 10 percent

Option 4: 8 percent

Reference no: EM132794170

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