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An investment project requires an initial cost of $3,750,000 upfront, and it will generate $100,000 per year in perpetuity, with the first payment arriving one

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An investment project requires an initial cost of $3,750,000 upfront, and it will generate $100,000 per year in perpetuity, with the first payment arriving one year from today. What is internal rate of return (IRR) of this project? 2.67% 3.94% 1.87% 3.69% 2.81%

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