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One research project will cost $500,000 today and is expected to yield benefits of $50,000 at the end of each of the next 30 years.

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One research project will cost $500,000 today and is expected to yield benefits of $50,000 at the end of each of the next 30 years. A second project will cost $400,000 and yield a single cash flow of $900,000 in 6 years. What is the difference in the IRR's of these research projects? Please enter your answer as a percentage to two decimals without the % sign

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