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5. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR

5. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. (4 points)

Year 0 1 2 3

Cash flows -$1,000 $425 $425 $425

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