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Annan Ltd has calculated the following net cash flows for a proposed project with an initial investment of 2,500,000. Year 000s 1 420 2 680

Annan Ltd has calculated the following net cash flows for a proposed project with an initial investment of 2,500,000.

Year 000s

1 420

2 680

3 1,100

4 1,200

5 200

Required:

Calculate the IRR generated by the project

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