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Question 1 0 PayPal is considering an update to its app. The update would cost 1 0 million dollars today, and 6 million dollars 1

Question 10
PayPal is considering an update to its app. The update would cost 10
million dollars today, and 6 million dollars 1 year from now. In years 2-6,
the update would increase PayPal's cash flows by 8 million dollars. What
is the IRR of this project?
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