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Please answer and explain. Thanks! Dice, Inc. is considering a project that has an initial outlay or cost of$70,000. Theproject's only expected cash inflow is

Please answer and explain. Thanks!

Dice, Inc. is considering a project that has an initial outlay or cost of$70,000. Theproject's only expected cash inflow is to occur in year 7 and be equal to$124,000. What is the IRR of thisproject?

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