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3. ABS Solution Co.s new budget system will cost $700,000. The system is expected to generate positive cash flows over the next four years in

3. ABS Solution Co.s new budget system will cost $700,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $140,000 in year three, and $180,000 in year four ABS Solution Co.s required rate of return is 8%. What is the internal rate of return of this project?

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