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George Steele (nicknamed The Animal by his friends) is considering investing in a new project. The project will need an initial investment (today) of

George Steele (nicknamed "The Animal" by his friends) is considering investing in a new project. The project will need an initial investment (today) of $2,000,000 and will generate $610,000 (after-tax) annual operating cash flows for the next four years. The first $610,000 occurs one year from today and the last occurs four years from today. Calculate the IRR for the project.

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