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Management of Matthew Young, a confectioner, is considering purchasing a new jelly bean - making machine at a cost of $ 3 5 7 ,
Management of Matthew Young, a confectioner, is considering purchasing a new jelly beanmaking machine at a cost of $ It projects that the cash flows from this investment will be $ for each of the next seven years. If the appropriate discount rate is percent, what is the IRR that Matthew Young management can expect on this project? Do not round discount factors. Round other intermediate calculations to decimal places eg and final answer to decimal places, eg
IRR is
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