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Excellsior Industries is considering a project, but does not know the appropriate discount rate. If the discount rate is 10%, then the NPV is $130K.

Excellsior Industries is considering a project, but does not know the appropriate discount rate. If the discount rate is 10%, then the NPV is $130K. If the discount rate is 15%, then the NPV is $50K. If the discount rate is 20%, the NPV is -$50K.

What is the project's internal rate of return (i.e., the discount rate at which NPV for the project would equal zero)?

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