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Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be

Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.

r: 14.00%
Year

0

1

2

3

4

Cash flows

$1,500

$600

$725

$850

$975

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