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Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of $30,723. The project has predicted cash inflows of $5,000 per
Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of $30,723. The project has predicted cash inflows of $5,000 per year for 10 years, and has no salvage value. Determine the proposal's internal rate of return. Enter your response as a percentage. You do not need to enter the % sign.
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