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(IRR calculation)Jella Cosmetics is considering a project that costs $700 000 and is expected to last for 8 years and produce future cash flows of

(IRR calculation)Jella Cosmetics is considering a project that costs $700 000 and is expected to last for 8 years and produce future cash flows of $180 000 per year. If the appropriate discount rate for this project is 18 percent, what is the project's IRR?

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