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McKeekin Corp. has a project with the following cash flows: Year Cash Flow 0 $20,000 1 -$26,000 2 $13,000 a. What is the IRR of

McKeekin Corp. has a project with the following cash flows:

Year Cash Flow
0 $20,000
1 -$26,000
2 $13,000

a. What is the IRR of this project?

b. Explain what is happening here.

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