Question: 24. A firm is considering a project that is expected to generate annual cash flows of $18,000 for 12 years. The project requires an initial

24. A firm is considering a project that is expected to generate annual cash flows of $18,000 for 12 years. The project requires an initial investment of $138,433.76. The cost of capital is 7.71%. What is the IRR of the project?

7.84%

7.08%

7.00%

7.61%

8.14%

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