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Illinois Tool workshop is considering a project that has an initial cash outflow of $ 1.2 million and expected cash inflows of $306,000 per year

Illinois Tool workshop is considering a project that has an initial cash outflow of $ 1.2 million and expected cash inflows of $306,000 per year for the next 5 years. What is the projects IRR? Your answer should be between 7.60 and 13.42. PLEASE round 2 decimal places.

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