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J Building Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next

J Building Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. J's required rate of return is 8%. What is the internal rate of return of this project?

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