Project requires on investment of Rs. 12,00,000 and has a life of four years. The
expected net cash flows from the project over the four years are Rs.4,50,000,
Rs. 5,40,000, Rs. 3,60,000 and Rs. 2,82,000. The cost of capital is 11%. Find the
internal rate of return of the project.
OR
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12
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