Internal rate of return. Suppose a project is expected to have a two-year life and is expected

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Internal rate of return. Suppose a project is expected to have a two-year life and is expected to generate net cash flows of $10,000 in year 1.

In year 2, the cash flow decreases to $8,000. If the project has a NINV of $16,000, what is the internal rate of return (IRR)?

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