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A project requires an immediate investment of 97.856 million and will generate cash inflows at the end of each year for the next 16 years.

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A project requires an immediate investment of 97.856 million and will generate cash inflows at the end of each year for the next 16 years. The first cash inflow will be in the amount of 23 million and each subsequent cash flow will be 7% smaller than the previous one. Find the internal rate of return for this project. 16.7% 15.3% 16.3% 15.8% 17.2%

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