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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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