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A project with an initial cost of $74,500 is expected to generate annual cash flows of $16,800 for the next 8 years. What is the

A project with an initial cost of $74,500 is expected to generate annual cash flows of $16,800 for the next 8 years. What is the project's internal rate of return?

Do not use excel please. We aren't allowed to use it in class unfortunately. Also, can you show step by step how you solved ? Thank you.

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