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A new project will have an intial cost of $75,000. Cash flows from the project are expected to be $45,000,$25,000, and $20,000 over the next

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A new project will have an intial cost of $75,000. Cash flows from the project are expected to be $45,000,$25,000, and $20,000 over the next 3 years, respectively. Assuming a discount rate of 8%, what is the project's IRR? 10.61% 11.63% 10.95% 10.27% 11.41%

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