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A project with an initial cost of $50,500 is expected to generate the following cash flows: Year Cash Flow 1 $10,100 2 $18,850 3 $13,250

A project with an initial cost of $50,500 is expected to generate the following cash flows:

Year Cash Flow
1 $10,100
2 $18,850
3 $13,250
4 $13,570
5 $7,300

What is the project's internal rate of return?

IRR = %

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