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Initial Outlay Cash Flow in Period CF1 CFO -20,000 7,730.85 The IRR is approximately: O 20%. O 16%. O 14%. O 18%. CF2 7,730.85 CF3

Initial Outlay Cash Flow in Period CF1 CFO -20,000 7,730.85 The IRR is approximately: O 20%. O 16%. O 14%. O 18%. CF2 7,730.85 CF3 7,730.85 CF4 7,730.85

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