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A project requires an initial outlay of $23000. For the next three years, projected cash flows are $11500 (year 1), $9400 (year 2) and $10250

A project requires an initial outlay of $23000. For the next three years, projected cash flows are $11500 (year 1), $9400 (year 2) and $10250 (year 3). What is the IRR of this project? [Round your answer to the nearest integer]

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