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Commerce Company The Commerce Company is evaluating a project with the following cash flows: Year Cash Flow 0 ($10,000) 1 $ 1,000 2 ($ 2,000)

Commerce Company The Commerce Company is evaluating a project with the following cash flows:

Year

Cash Flow

0

($10,000)

1

$ 1,000

2

($ 2,000)

3

$ 3,000

4

$ 4,000

5

$ 5,000

What is the IRR of the proposed Commerce Company project?

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