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QUESTION 14 1. If a project has an initial outlay of $40,000 and cash flows of $15,000 per year for the next 5 years, what

QUESTION 14 1. If a project has an initial outlay of $40,000 and cash flows of $15,000 per year for the next 5 years, what is the IRR of this project? (Answer to the nearest tenth ofa percent, e.g. 12.3)

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