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Fred Corp is considering a project that has the following cash flow data. What is the project's IRR? Not the a project's projected IRR can

Fred Corp is considering a project that has the following cash flow data. What is the project's IRR? Not the a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.

Year 0 1 2 3

Cash flows -$1000 $425 $425 $425

Please provide answer with an explanation including all formulas. Thank you.

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