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Iron Works International is considering a project that will produce annual cash flows of $38,800, $47,500, $58,200, and $23,700 over the next four years, respectively.

Iron Works International is considering a project that will produce annual cash flows of $38,800, $47,500, $58,200, and $23,700 over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $112,200?

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