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A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of capital)

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A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of capital) of 13%. What is the IRR for this project? Year Cash Flow 0 - $195,800 1 61,000 2 85,000 3 87,000 4 90,000

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