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J-Mart is looking to expand an existing project that requires an immediate investment of $ 86 million. The firm anticipates that the expansion project will
J-Mart is looking to expand an existing project that requires an immediate investment of $86 million. The firm anticipates that the expansion project will generate one future cash flow of $150 million that will arrive at the end of year 7, and only in that year. The company considers the required rate of return of the project to be 4% Calculate the project's internal rate of return:
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