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A company invested $3.5 million in a five-year project. It expects that this project will produce savings of $4.4 million by the end of the

A company invested $3.5 million in a five-year project. It expects that this project will produce savings of $4.4 million by the end of the five-year period. If inaon is expected to be 3.0% per year, what is the nominal IRR of this investment

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