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A project has an initial cash outflow of $55,000, total cash flow in year 1 of $22,000, with total cash flows increasing by 5% in

A project has an initial cash outflow of $55,000, total cash flow in year 1 of $22,000, with total cash flows increasing by 5% in years 2 and 3. What is the projects Internal Rate of Return?

Potential Answers:

12.3%

10.0%

14.4%

8.9%

9.7%

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