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For the project shown in the following table, calculate the internal rate of return (IRR) given the cash inflows and the initial investment. Round your

For the project shown in the following table, calculate the internal rate of return (IRR) given the cash inflows and the initial investment.

Round your IRR to two decimals. Initial investment: $57,400

Cash inflows:

Year 1: $12,500

Year 2: $18,000

Year 3: $14,400

Year 4: $17,800

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