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Pluto Inc. is considering the purchase of Neptune Corp. The owners of Neptune Corp. are asking for $155 million in cash. The managers of Pluto

Pluto Inc. is considering the purchase of Neptune Corp. The owners of Neptune Corp. are asking for $155 million in cash. The managers of Pluto estimate that, under their control, Neptune Corp. will generate after-tax cash flows of $10 million per year for five years and then be sold for $165 million, after-tax. What is he IRR of this investment?

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