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(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,000 resulting in a cash inflow of $2,022 at

(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,000 resulting in a cash inflow of $2,022 at the end of each year for the next 9 years.

The internal rate of return of the project is ( )% (Round to the nearest whole percent.)

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