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7 10 Pts (Quantitative) A project requires a $15m investment today; next year it will generate a cashflow of $1m, which will then grow

7 10 Pts (Quantitative) A project requires a $15m investment today; next year it will generate a cashflow of $1m, which will then grow at an annual rate of 1% forever. What is the IRR of this project? ANSWER Type your answer here...

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