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Project cost (outflow): $55,000 today Cash inflow schedule: Single inflow of $115,000 after 5 years Cost of capital (discount rate) of 8% What is this

Project cost (outflow): $55,000 today

Cash inflow schedule: Single inflow of $115,000 after 5 years

Cost of capital (discount rate) of 8%

What is this project's IRR? Answer in percent, rounded to one decimal place

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