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Kroger is evaluating a new investment opportunity with the following cash flows: Initial Investment: $ 8 0 , 0 0 0 Year 1 Cash Flow:

Kroger is evaluating a new investment opportunity with the following cash flows:
Initial Investment: $80,000
Year 1 Cash Flow: $30,000
Year 2 Cash Flow: $35,000
Year 3 Cash Flow: $20,000
What is the approximate IRR for this project?
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