Assume the following information for Project X: Initial investment: $50,000 Annual after-tax cash flows: $8,000 Salvage value:
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Question:
Assume the following information for Project X:
Initial investment: $50,000
Annual after-tax cash flows: $8,000
Salvage value: $0
If the project's internal rate of return is 12.5%, what must be the life of the project (to the nearest year)?
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