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A project with 3 years life can generate $20,000 operating cash flow annually. The net working capital required for this project is $10,000. Firm will

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A project with 3 years life can generate $20,000 operating cash flow annually. The net working capital required for this project is $10,000. Firm will need to purchase machine for $15,000 to start this project. The machine will be worthless after 3 years. What is the IRR of the project? 55.19% 53.02% 69.20% 50.15%

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