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If your company decides to accept a new investment project, it would cost $1,000,000 today. Further, you predict the project will have free cash flows
If your company decides to accept a new investment project, it would cost $1,000,000 today. Further, you predict the project will have free cash flows of $300,000 in year 1, $50,000 in year 2, $50,000 in year 3, and $170,000 in year 4. Assume a discount rate of 9%. What is the IRR of this project?
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