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A company is considering an investment that requires an immediate investment of $575,000 and an additional investment of $100,000 in year 3 . The investment

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A company is considering an investment that requires an immediate investment of $575,000 and an additional investment of $100,000 in year 3 . The investment will generate annual profits of $200,000 for five years, starting from year 2 . a. Calculate the IRR for this investment. % Round to two decimal places

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