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What is the internal rate of return on an investment with the following cash flows, if the required rate of return is
8 percent?
Year
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FUO.sh
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0
Cash Flow
1 2
-$78,100
3
+$34,500 +$22,140 +$46,800
A. 8%
B. 12%
C. 15%
D. 19%
