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A firm with a 10.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows are

A firm with a 10.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows are as follows:

Year:	0	1	2	3	4
Cash flow:	-$14,000	$5,000	$6,300	$4,300	$6,900

Calculate the projects internal rate of return (IRR).

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