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Check My Work (1 remaining) IRR A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 11 years,

Check My Work (1 remaining) IRR A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of 12%, What is the project's 1RR? Round your answer to two decimal places

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