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A capital investment project you have been asked to analyze has net incremental cash flows, Years 1 through 4, as listed below. The initial investment

A capital investment project you have been asked to analyze has net incremental cash flows, Years 1 through 4, as listed below. The initial investment required is $1 million, ands the WACC is 9.5%.

What is IRR?

Year 1: $90,000 Year 2: $200,000 Year 2: $450,000 Year 4: $600,000

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