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Determine the internal rate of return on the following project: An initial outlay of $11,000 resulting in a cash inflow of $1,800 at the end
Determine the internal rate of return on the following project: An initial outlay of $11,000 resulting in a cash inflow of $1,800 at the end of year 1, $4,800 at the end of year 2, and $7,800 at the end of year 3.
This project's internal rate of return is ___%
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