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A company invested in new machinery that is expected to provided the following cash flows. Year Cash out Cash in 0 $ (3,000,000) 1 550,000

A company invested in new machinery that is expected to provided the following cash flows.
Year Cash out Cash in
0 $ (3,000,000)
1 550,000
2 550,000
3 550,000
4 730,000
5 730,000
6 730,000
7 730,000
8 730,000
35. What is the IRR of the investment?

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