Question: Use the following table, A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $389774

Use the following table, A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $389774 and is expected to generate cash inflows of $154000 each year for three years. The approximate internal rate of return on this project is 10%. The IRR on this project cannot be approximated. 8%. 9%

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