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A project costs $ 5 0 0 today and the project has a cost of capital of 1 2 % . If the cash flows

A project costs $500 today and the project has a cost of capital of 12%. If the cash flows are $90 at year 1, $120 at year 2, $120 at year 3, and $200 at year 4, what is the IRR of the project?

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