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A firm expects to spend $15,000 on Project B. In year 1, it forecasts a cash flow of $9,000, in year 2, $6,000, in year
A firm expects to spend $15,000 on Project B. In year 1, it forecasts a cash flow of $9,000, in year 2, $6,000, in year 3, $3,000, in year 4 $1,000. What is the internal rate of return for this project.
A. 3.31%
B. 14.58%
C. 13.73%
D. 9.25%
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