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A company is considering a project that requires an initial cash outlay of $ 1 , 5 0 0 , 0 0 0 . The

A company is considering a project that requires an initial cash outlay of $1,500,000. The project is expected to generate operating cash flows of $400,000 in the first year, $500,000 in the second year, $600,000 in the third year, $700,000 in the fourth year, and $800,000 in the fifth year. Calculate the internal rate of return (IRR) for the project.

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