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Cuarto Corporation just invested in a project that has an internal rate of return of 24%. This project is expected to generate $44,000 of net cash inflows each year of its 6 year life. The project has no salvage value. What was the initial investment required for this project?

A. $63,360

B. $72,600

C. $132,880

D. $160,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408004

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