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The net present value (NPV) of an investment is as follows.
The net present value (NPV) of an investment is as follows.
NPV at 14% = $6,320
NPV at 18% = ($4,600) negative
The internal rate of return (IRR) of the investment is closest to
A . 14.6%
B . 16.0%
C . 16.3%
D . 20.3%
Answer: C
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