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A project costs $ 5 , 2 0 0 , 0 0 0 and has cash inflows of $ 6 0 0 , 0 0

A project costs $5,200,000 and has cash inflows of $600,000 per year indefinitely. What is the IRR of the project?
A)13.04%
B)11.54%
C)15.00%
D)8.42%
E)15.75%
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