Question: A company has a minimum required rate of return of 8% . It is considering investing in a project that costs $85116 and is expected

A company has a minimum required rate of return of 8% . It is considering investing in a project that costs $85116 and is expected to generate cash inflows of $34000 each year for three years. The approximate internal rate of return on this project is less than the required 8% . 9% 11% 10%
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