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A project will produce an operating cash flow of $ 7 , 5 0 0 a year for 8 years. The initial fixed asset investment

A project will produce an operating cash flow of $7,500 a year for 8 years. The initial fixed asset investment in the project will be $35,000. The net aftertax salvage value is estimated at $3,500 and will be received during the last year of the project's life. What is the IRR?

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