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Please show work Question 16 Consider the following capital investment proposal: It requires an initial investment of $850. The project is expected to generate cash

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Question 16 Consider the following capital investment proposal: It requires an initial investment of $850. The project is expected to generate cash flows of $350 million, $330 million, $250 million, and $200 million in the next four years. What is the IRR of the proposed investment? Enter your answer in percent, do not use the % symbol. Round your answer to two decimals

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