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Business, 09.08.2019 21:10 brae72

Strange manufacturing company is purchasing a production facility at a cost of $21 million. the firm expects the project to generate annual cash flows of $7 million over the next five years. its cost of capital is 18 percent. what is the internal rate of return on this project? (a) 17%(b) 18%(c) 19%(d) 20%

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