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Jacob has an opportunity to invest in a new retail development in his building. The initial investment is $53,000 and the expected annual cashflows thereafter

Jacob has an opportunity to invest in a new retail development in his building. The initial investment is $53,000 and the expected annual cashflows thereafter are {$2,400; $4,000; $4,000; $7,500; $11,000; $11,000; $14,000; $14,000}. What is Jacob's IRR on this investment

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