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Please show all work!!! handwritten if possible and using no excel!! 24. Lowell Communications has been installing a fiber optic network at a cost of

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Please show all work!!! handwritten if possible and using no excel!!

24. Lowell Communications has been installing a fiber optic network at a cost of $18 million. The firm expects annual cash flows of $3.7 million over the next 10 years. What is this project's IRR? (Round to nearest \%) a) 12% b) 14% c) 16% d) 10%

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