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OpenSeas, Inc., is evaluating the purchase of a new cruise ship. The ship will cost $1 billion, and will operate for 15 years. OpenSeas expects

OpenSeas, Inc., is evaluating the purchase of a new cruise ship. The ship will cost $1 billion, and will operate for 15 years. OpenSeas expects annual cash flows from operating the ship to be $100 million and its cost of capital is 10%. Identify the IRR

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