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Project Mira has initial cash outflows of $280,000 and anticipated cash inflows of $122,000 for each of the next five years. If the MARR is
Project Mira has initial cash outflows of $280,000 and anticipated cash inflows of $122,000 for each of the next five years. If the MARR is 14 percent, what is the IRR of this project? (Pick a, b, c or d)
a) 27%
b) 37%
c) 33%
d) 15%
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