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Coughlin Motors is considering a project with the following expected cash flows: NINV = $400 million; NCF1 = $250 million; NCF2 = $250 million NCF3

Coughlin Motors is considering a project with the following expected cash flows:

NINV = $400 million; NCF1 = $250 million; NCF2 = $250 million

NCF3 = $250 million; NCF4 = $600 million

If the cost of capital is 12% and the risk free rate of interest is 6%, what is the project's internal rate of return?

42.11%

72.00%

61.17%

58.43%

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