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A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of

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A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 11%. What is the project's IRR? Round your answer to two decimal places. %

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