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A company is considering a project with the following cash flows and an assumed discount rate of 10% Initial outlay=-50,000, Year 1=18,000, Year 2 =

A company is considering a project with the following cash flows and an assumed discount rate of 10% Initial outlay=-50,000, Year 1=18,000, Year 2 = 17,000, Year 3 = 15,000, Year 4 = 14,000, Year 5 = 12,000. What is the internal rate of return?

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