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One Man's Trash Pawn Shop wants to renovate their shop to attract more customers. The renovation will cost $7,000. The cash flows resulting from the

One Man's Trash Pawn Shop wants to renovate their shop to attract more customers. The renovation will cost $7,000. The cash flows resulting from the investment are as follows: Year 1: $1,200; Year 2: $700; Year 3: $600. Calculate the IRR of the project.

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($3.76)

- 41.1%

15%

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