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Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital (discount rate) is 10 percent.

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Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital (discount rate) is 10 percent. Year Expected Net Cash Flow 0 ($900,000) 1 450,000 2 450,000 3 450,000 What is the project's IRR? 18.5 percent O 19.9 percent 20.4 percent 23.4 percent 24.8 percent

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