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11. A project will generate cash flows of $10,000 per year for the next 5 years, the cost of the project is equal to $30,000.

11. A project will generate cash flows of $10,000 per year for the next 5 years, the cost of the project is equal to $30,000. What is the internal rate of return on this project?

Time period

0 1 2 3 4 5

Cash flow

-30,000 10,000 10,000 10,000 10,000 10,000

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