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Hendrix Guitars is considering the following project. The projected cash flows are below: Initial Cost is $ 2 . 1 Million; annual net cash flows

Hendrix Guitars is considering the following project. The projected cash flows are below: Initial Cost is $2.1 Million; annual net cash flows are $750,000 per year for 5 years. What is the Internal rate of return?
a -25.41%
b -78.57%
c -7.50%
d -15.71%
e -23.06%

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