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Find internal rate of return of a project with an initial cost of $33,000, expected net cash inflows of $5,550 per year for 10 years,
Find internal rate of return of a project with an initial cost of $33,000, expected net cash inflows of $5,550 per year for 10 years, and a cost of capital of 9.35%. I know the answer is 10.77%. Please calculate it manually to show work.
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