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Corona Company spends $23,000 today and expects to generate the following cash flows over the next 4 years- Year 1 - 10,000 Year 2 -

Corona Company spends $23,000 today and expects to generate the following cash flows over the next 4 years-

Year 1 - 10,000

Year 2 - 8,000

Year 3 - 6,000

Year 4 - 5,000

What is the Internal Rate of return (IRR)?

Must be solved in excel format.

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