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Delta Co . is considering a new inventory system that will cost $ 7 5 0 , 0 0 0 . The system is expected

Delta Co. is considering a new inventory system that will cost $750,000. The system is expected to generate
positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two,
$150,000 in year three, and $180,000 in year four. Delta's required rate of return is 8%. What is the internal
rate of return of this project?
13.68%
11.57%
15.13%
10.87%
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