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Q1 An individual decides to invest in a project which requires an initial outlay of $10 000. This project yields $10190 after 3 years, but

Q1 An individual decides to invest in a project which requires an initial outlay of $10 000. This project yields $10190 after 3 years, but zero cash flows before that.

Calculate the (annual) internal rate of return,in percentage, for this project. Round your answer to 2 decimal places.

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