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A company is considering a 5-year project. The company plans to invest $85,000 now and it forecasts cash flows for each year of $21,855.

A company is considering a 5-year project. The company plans to invest $85,000 now and it forecasts cash flows for each year of $21,855. The company requires a hurdle rate of 7%. Calculate the internal rate of return to determine whether it should accept this project.

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