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Consider the following capital investment proposal: It requires an initial investment of $1 billion. The project is expected to generate cash flows of $200 million,

image text in transcribed Consider the following capital investment proposal: It requires an initial investment of $1 billion. The project is expected to generate cash flows of $200 million, $300 million, $400 million, and $500 million in the next four years. What is the IRR of the proposed investment? Enter your answer in percent, do not use the \% symbol. Round your answer to two decimals

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