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Here is the question 29. Simkins Renovations Inc. is considering a project... Simkins Renovations Inc. is considering a project that has the following cash flow

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29. Simkins Renovations Inc. is considering a project... Simkins Renovations Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year Cash flows $625 300 $290 $280 $270 0 a. 24.55% b. 32.63% c. 30.83% 0 d. 29.94% e. 29.04%

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