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Compute the internal rate of return for the cash flows of the following two projects: Year Project A Project B 0 ($5,300) ($2,900) 1 2,000

Compute the internal rate of return for the cash flows of the following two projects:

Year Project A Project B

0 ($5,300) ($2,900)

1 2,000 1,100

2 2,800 1,800

3 1,600 1,200

Please show manual calculations not in excel.

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