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1 vote
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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User Vasja
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1 Answer

1 vote
It would be choice B 18%.
answered
User PureCognition
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