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Bobs Burgers is considering a project with an initial cost of $8 million that would produce cash flows of $1.5 million the first year, $2

Bobs Burgers is considering a project with an initial cost of $8 million that would produce cash flows of $1.5 million the first year, $2 million the second, and $2.5 million per year for the final two years. If the required return is 11.3%, what is the IRR of the project? Group of answer choices 2.28% -5.18% 12.15% 6.33%

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