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6. A project has an initial cost of $60,000 and is expected to generate a single cash inflow of $65,000 in 7 years. What is

A project has an initial cost of $60,000 and is expected to generate a single cash inflow of $65,000 in 7 years. What is its IRR? Round to the tenth of a percent (e.g. 5.6%=5.6).

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