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A project has a required return of 16.5 percent. The projects initial cost is $21,000 and its cash flows are: year 1 = $12,000, year
A project has a required return of 16.5 percent. The projects initial cost is $21,000 and its cash flows are: year 1 = $12,000, year 2 = $9,000, year 3 = $5,000, and year 4 = $2,000. What is the projects IRR?
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