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Driscoll Company is considering investing in a new project. The project will need an initial investment of $2.40 million and will generate $1.15 million (after-tax)

Driscoll Company is considering investing in a new project. The project will need an initial investment of $2.40 million and will generate $1.15 million (after-tax) cash flows for three years. The IRR for the project is ___%.

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