Question: Use the following table, A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $318,588

Use the following table, A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $318,588 and is expected to generate cash inflows of $125,000 each year for three years. The approximate internal rate of return on this project is 9\%. 8% Cannot be approximated. 10%

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