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For the next four questions, consider the following setting: A project is expected to take 2 years to complete, with the first year costing $60,000

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For the next four questions, consider the following setting: A project is expected to take 2 years to complete, with the first year costing $60,000 and the second year costing $80,000. Assume that these costs are incurred the beginning of the respective years. Once completed (at the end of 2 nd year), the project is expected to generate a revenue stream of $50,000 per year for the next 5 years (i.e., from year 3 thru year 7 inclusive). Assume that these revenues are realized at the end of the respective years. The internal rate of return for the project is? Round it to nearest integer, for instance, if the internal rate of return is 20.45%, then write down your answer as 20 . Sorry. This is not the best answer. You may try up to 3 times. The correct answers (or hints to arrive at it) will be posted at the end of the week

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