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Project estimated cash flows for years 1 through 5 are $14, $13, $13, $15, and $16. The project requires initial investment of $42. Similar risk

Project estimated cash flows for years 1 through 5 are $14, $13, $13, $15, and $16. The project requires initial investment of $42. Similar risk projects pay 11%. Estimate IRR.

Group of answer choices

11.0%

13.9%

16.2%

19.9%

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