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Please explain step by step Aerospace Dynamics will invest $114,000 in a project that will produce the following cash flows. The cost of capital is

Please explain step by step

Aerospace Dynamics will invest $114,000 in a project that will produce the following cash flows. The cost of capital is 13 percent.

Year Cash Flow

1 51,000

2 50,000

3 (51,000)

4 54,000

5 70,000

What is the internal rate of return?

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