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What the approximate internal rate of return on project is

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Reference no: EM132894315

Question 1: A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $429,650 and is expected to generate cash inflows of $128,000 each year for four years. The approximate internal rate of return on this project is

Group of answer choices

Option 1: 9%.

Option 2: 8%.

Option 3: 10%.

Option 4: Cannot be determined.

Reference no: EM132894315

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