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A five - year project requires an investment of - 2 9 4 and has the following cash flows in years 1 through 5 ,

A five-year project requires an investment of -294 and has the following cash flows in years 1 through 5, respectively (all cash flows in dollars): 188,32,224,86, and 120. Without actually calculating any IRR, what is the maximum possible value any of the real IRRs could have? Give your answer as a percent with two decimals; e.g.,23.24(Acceptable error =0.5%)

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