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Given the following set of cash flows, for a capital budgeting project, what is the Internal Rate of Return (IRR)? Initial Investment (1) = $20,000

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Given the following set of cash flows, for a capital budgeting project, what is the Internal Rate of Return (IRR)? Initial Investment (1) = $20,000 CF1 = $5,500 CF2 = $6,125 CF3 = $8,625 CF4 = $6,750 12.0% 13.0% 13.5% 12.5%

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