6. M Ltd. is considering the following information in respect of a project: Initial Outlay `22,000. Project

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6. M Ltd. is considering the following information in respect of a project:

Initial Outlay `22,000. Project Life 4 years.

Cash Inflow from the Project Year 1 2 3 4 Cash Inflow (`) 12,000 4,000 2,000 10,000 Calculate IRR of the project.

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