Consider the following cash flows for two mutually exclusive investments : t=0 t=1 t=2 t=3 A ($1,212) $898 $543 $111 B ($911) $101 $234 $1,033 Given the cost of capital is 8% what is the internal rate of return of the better project? 19.62% 14.33% 16.57% 15.82% 18.45%
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