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3. What is the internal rate of return on an investment with the following cash flows? SHOW ALL WORK (ALSO HOW YOU GOT TO ANSWER

3. What is the internal rate of return on an investment with the following cash flows? SHOW ALL WORK (ALSO HOW YOU GOT TO ANSWER STEP BY STEP WITH THE CALCULATIONS)

Year Cash Flow

0 -$123,300

1 $ 36,000

2 $ 54,000

3 $48,100

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