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(IRR of an uneven cash flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial

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(IRR of an uneven cash flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $5.9 million ( =$5.9 million), and will produce cash flows of $3 million at the end of year 1,$5.6 million at the end of year 2, and $1.6 million at the end of years 3 through 5 . What is the intemal rate of return on this new plant

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