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A seven-year license to distribute a product should increase the distributors profit by $16,000 per year. If the license can be acquired for $85,000, what

A seven-year license to distribute a product should increase the distributor’s profit by $16,000 per year.
 
If the license can be acquired for $85,000, what is the investment’s IRR? (Round your answer to 1 decimal place.)

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