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1 0 - 2 5 . ( IRR of uneven cash - flow stream ) Giddy Entertainment Company is considering the construction of a new

10-25.(IRR of uneven cash-flow stream) Giddy Entertainment Company is considering the construction of a new amusement park. The park will have an initial cash outlay of $8 million and will produce free cash flows of $3.5 million at the end of year 1,$4.2 million at the end of year 2, and $2.6 million at the end of years 3 through 5. What is the internal rate of return on this new amusement park?
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