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Given an initial outlay of -$1,000 at time 0, find the IRR of a project which returns cash flows of $500 in year 1, $400
Given an initial outlay of -$1,000 at time 0, find the IRR of a project which returns cash flows of $500 in year 1, $400 in year 2, $300 in year 3 and $100 in year 4. Assume a cost of capital of 10%.
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