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***PLEASE SHOW ANY WORK. THANK YOU! An investment costs $875,000 today and is expected to produce a one-time inflow at the end of year 8

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***PLEASE SHOW ANY WORK. THANK YOU!

An investment costs $875,000 today and is expected to produce a one-time inflow at the end of year 8 of $1, 430,000. What is the IRR of this project? A. 1.63% B. 6.33% C. 7.93% D. 63.43%

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