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3 (IRR calculation) Jella Cosmetics is considering a project that costs $750,000 and is expected to last for 11 years and produce future cash flows
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(IRR calculation) Jella Cosmetics is considering a project that costs $750,000 and is expected to last for 11 years and produce future cash flows of $170,000 per year. If the appropriate discount rate for this project is 17 percent, what is the project's IRR? The project's IRR is %. (Round to two decimal places.) Step by Step Solution
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