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Joon.com is considering two projects given below: The two projects have the same payback. What is project two's internal rate of return? Year Project 1

Joon.com is considering two projects given below:

The two projects have the same payback. What is project two's internal rate of return?

Year Project 1 Cash Flow Project 2 Cash Flow

0 -$100 ?

1 30 40

2 50 80

3 40 60

4 50 60

Please show the steps of how you received each calculation

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