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Company, Inc. has committed to investing $ 5 , 5 0 0 , 0 0 0 in a project with expected cash flows of $

Company, Inc. has committed to investing $5,500,000 in a project with expected cash flows of $1,000,000 at the end of Year 1, $1,500,000 at the end of Year 4, and $7,000,000 at the end of Year 5.(a) What is the IRR for this investment (b) How would the IRR of the investment would change if Company Inc. opportunity cost of capital were to increase by 5 percentage points.

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