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Project A has an initial cost of $5,000 and would produce cash flows of $1,500 per year for the first two years, $2,000 per year
- Project A has an initial cost of $5,000 and would produce cash flows of $1,500 per year for the first two years, $2,000 per year for the next two years, and $1,800 in the final year. If the required return is 12%, what is the IRR of the project?A.18.75%
- B.22.11%
- C.-51.91%
- D.21.18%
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
