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Calculate the internal rate of return (IRR) for an investment project with an initial outlay of $150,000 and expected cash flows of $50,000 per year

  • Calculate the internal rate of return (IRR) for an investment project with an initial outlay of $150,000 and expected cash flows of $50,000 per year for 5 years. Discuss the significance of the IRR as a discount rate that equates the present value of cash inflows with the initial investment cost, and evaluate its suitability for investment decision-making.
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