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1: A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of

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1: A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of capital) of 13%. What is the IRR for this project? Year Cash Flow 0 - $195,800 61,000 85,000 87,000 90,000 1 2 3 4 16.4% 14.7% 21.2% 18.1% 16.4% 14.7% 21.2% 18.1% 19.9% Previous Page Next Page 9. Page 7 of 24

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