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A project has an initial investment of $5 million and cash flows for 6 years of $1.5 million per year. What is the project's internal
A project has an initial investment of $5 million and cash flows for 6 years of $1.5 million per year. What is the project's internal rate of return (IRR)? Hint: Use your financial calculator or financial spreadsheet to answer this question. Or, use trial and error to see which discount rate below offers an NPV closest to zero
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