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What is the internal rate of return for proposal

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Reference no: EM131738612

Question - Proposal A's equipment will cost $8,400,000 and is expected to result in annual net cash inflows of $1,450,000 over nine years, with zero residual value at the end of nine years. It requires an annual rate of return of 6%.

What is the internal rate of return for Proposal A? Enter as a percentage not decimal?

Reference no: EM131738612

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