A project has an NPV of $12,632 when its cost of capital is 12 percent, and an
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Question:
A project has an NPV of $12,632 when its cost of capital is 12 percent, and an NPV of $6,935 when its cost of capital is 22 percent. What is its internal rate of return?
а. 18.5 percent
b. 6.5 percent
c. 28.5 percent
d. 16.5 percent
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