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A company may undertake a project with an initial cost of $325,000. The project is forecast to produce annual after-tax cashflows of $80,000 for 5

A company may undertake a project with an initial cost of $325,000. The project is forecast to produce annual after-tax cashflows of $80,000 for 5 years. The issuer's WACC is 9%.

What is the project's internal rate of return?

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