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Find the internal rate of return (IRR) for the following project. The project requires an initial investment of $1,120 and provides 5 annual cash inflows

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Find the internal rate of return (IRR) for the following project. The project requires an initial investment of $1,120 and provides 5 annual cash inflows of $290. Assume a cost of capital of 12.4%. The IRR of the project is %. (Round to two decimal places.)

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