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Project IRR. A firm evaluates all of its projects by applying the IRR rule. The required rate of return is 14 percent. What is

Project IRR. A firm evaluates all of its projects by applying the IRR rule. The required rate of return is 14 percent. What is the IRR of a project that requires an investment today of $158,500 and has an expected cash flow in one year of $175,000?

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