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Project X has cash flows of - $ 5 0 , 0 0 0 , $ 2 9 , 4 0 0 , $ 2

Project X has cash flows of -$50,000, $29,400, $27,200, and $24,500 for years to 3, respectively. Project Y has an initial cost of $40,000 and an annual cash inflow of $20,000,$25,200, and $54,500 for years to 3, respectivelyThese are mutually exclusive projects. What is the incremental IRR?

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