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An investment requires an initial outlay of $ 2 0 , 0 0 0 . It will generate $ 8 , 0 0 0 per

An investment requires an initial outlay of $20,000. It will generate $8,000 per year for five years. At the end of the fifth year, the project can be sold for $10,000. Calculate the IRR of the project including its terminal value.
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